LOOKING TO BUY INTO USD/JPY
USD/JPY 30M - How we getting on people, I am busy now over the course of the next few days but I wanted to give you this opportunity before I left for the weekend. As you can see price has traded perfectly into an area of interest.
It has shown great signs of rejection and I believe we will see the new impulsive wave take place from here, I believe the correction has finished and the new impulse is ready to be printed, this giving you all a great chance to buy into the market.
As I have done above, look to set your SL below a protected low and set your TP somewhere near mine, this is to ensure that our TP is more than achievable and can deliver us with some brilliant returns with a great RR.
If you have any questions with regards to this analysis please refer to previous analysis as my bias and insight is the exact same, we are simply getting involved on the next leg thats taking price higher.
It has shown great signs of rejection and I believe we will see the new impulsive wave take place from here, I believe the correction has finished and the new impulse is ready to be printed, this giving you all a great chance to buy into the market.
As I have done above, look to set your SL below a protected low and set your TP somewhere near mine, this is to ensure that our TP is more than achievable and can deliver us with some brilliant returns with a great RR.
If you have any questions with regards to this analysis please refer to previous analysis as my bias and insight is the exact same, we are simply getting involved on the next leg thats taking price higher.
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