USDJPY 4HR Potential Setup - 28/03/2021
Potential Setup as per the below
Bias – Bullish
Price has finally broken out of the range and pushed up with bullish momentum
Option 1 - Wait for price to retrace back to 50% of the current expansion move before considering a buy.
Option 2 - Wait for price to retrace back to Golden Zone (71 – 78.6 Fib Level) of the current expansion move before considering a buy.
Both the above have added confluence as there are OBs in and around both these regions.
Bias – Bullish
Price has finally broken out of the range and pushed up with bullish momentum
Option 1 - Wait for price to retrace back to 50% of the current expansion move before considering a buy.
Option 2 - Wait for price to retrace back to Golden Zone (71 – 78.6 Fib Level) of the current expansion move before considering a buy.
Both the above have added confluence as there are OBs in and around both these regions.
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