USDJPY BULLISH MOVEMENT

12 小時前A continuation buy setup for USD/JPY occurs when the pair is in an established uptrend, and traders look for opportunities to enter long positions after a pullback or consolidation phase. Here are a few key points to note about a continuation buy for USD/JPY:

1. Trend Confirmation: Ensure that the overall trend is bullish. This can be confirmed using trend lines, moving averages, or other trend-following indicators like the ADX (Average Directional Index).

2. Pullback or Consolidation: Look for a pullback to a key support level, such as a previous resistance-turned-support area, Fibonacci retracement levels, or a moving average (like the 50 or 100-period MA).

3. Entry Triggers: Use price action signals like bullish candlestick patterns (e.g., engulfing, hammer) or momentum indicators (e.g., RSI, MACD) to time your entry when the price resumes its upward move after the pullback.

4. Risk Management: Place stop-loss orders below the recent swing low or below a key support level to protect against a potential trend reversal.

5. Targets: Identify resistance levels or use extensions like Fibonacci or measured moves to set take-profit targets.

Staying disciplined with technical setups and managing risk is key in a continuation buy strategy.