USDJPY - Possible Long Swing From 4H Structure Bounce

USDJPY

I am demo trading and documenting my progress. This is not intended to be a Buy signal !

Ascending Trendline Structure on 4H
Possible Swing prediction on 4H with SL set at H4 Minor S/R

Buy - Current Market Price
SL - 110.750
TP - 112.500

Zlecenie aktywne:

Trade still active and hovering above entry point. More importantly consolidating between Support at H4 and Resistance at Daily .

On lower time frame, 30m, trade continues to respect up trend with multiple wick rejections of H4 trend line structure.

Candles have formed Ascending structure on H1 creating HH and HL. Current candle trying to wick fill previous bearish candle.

Holding trade, SL not yet adjusted.

Zlecenie aktywne:

Trade broke out of consolidation zone in favour of our bias.

SL moved to BE