USDJPY 15/30m Short-term bullish hedge
Updated
USDJPY is oversold on 4 separate strength index's, All 3 components of MACD are sub-.02. Price has found resistance and is showing reversal signs at a recent historical support. Trade to previous high but checkpoints need to be met e.g. break of triangle structure & close above 50 & 100 MA.
Fundamentals are clear & daily price action suggests a bullish move on the short term. Entry is an engulfing candle on the 15m.
Fundamentals are clear & daily price action suggests a bullish move on the short term. Entry is an engulfing candle on the 15m.
Trade closed manually
Indicators of bullish run ending, manual close out @150.6
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