USDJPY - Long term short - Counter trend Long

2023年1月9日

USDJPY counter trade Long Based on 4hr TF pullback - trend line 3rd tap - relief rally 133.800 area then looking to take short.

Confluences
Upwards trend line
Price sat on support area
Smaller TF Higher Low-Higher Highs
Fibonacci Levels sitting in 61.8% area
Stochastic in Oversold Territory


Trend Based
Monthly Trend - Bearish
Weekly Trend - Neutral Bearish
Daily Trend - Neutral
4HR Trend - Long


Risking 1% to gain a minimum 4% on each side

Please let me know your thoughts

Much Appercaited