20 Reasons for Long USDJPY Update 24/07/2022
1 Structure 1/2: bullish
2 imbalances : target marked
3 Current Move1/2 : impulse
4 Entry TF : D1
4.1 ETF Structure: bull
4.2 move : corrective
5 Support Resistance: Support on 134.8
6 FIB: same 61 at the point 134.8 support
7 candle Pattern: momentum
8 Chart Pattern: double bottom
9 Volume : below average
10 Momentum: bullish to sideways
11 Volatility : compressed
12 strength: bull
13 Sentiment : bullish extreme
14 Final Summary: on support we can go with a buy entry once its gives us a buy signal on support level we go with buy
15Buy /Sell/Wait : wait buy
16 Entry: 135.5 after trigger event
17 Sl: 134.926
18 Tp: 142.133
19 Risk to reward Ratio: 1:10
20 Excepted Duration : 30
