Here we have an inverse head and shoulders, a second last kiss to the broken trendline, a supply zone, AND bullish USD fundamentals. This should be an easy swing buy, with TPs at 114.800, 116, 118, and even potentially a new high for the past year, depending on data leading up to the rate hike decision and then the decision itself in March.
I agree with the bullish bias based on fundamentals, but I think we could go lower. Also the asymmetry of the h&s makes me think it might not play out exactly like that.
Here are my ideas. We'll see what happens.
tradingview.com/chart/USDJPY/FT9wWxZ9-Trading-the-gap/iased Cheers :D
Here are my ideas. We'll see what happens.
tradingview.com/chart/USDJPY/FT9wWxZ9-Trading-the-gap/iased
Cheers :D