I'm looking for a trap play, followed by a crossing of the 10 EMA (signal line) while supported by the 20 SMA, and in alignment with the capital flow direction to enter the market. These pairs are only valid for today and should be traded during low spread hours. The watchlist is effective until 23:00.
Learn about my strategy by clicking the chart below.
Note
USD/JPY Bull Trap: Sell signal triggered!
I am looking to add positions if price close below the 10 EMA (yellow signal line) and I plan to maintain my position as long as the price stays below the 10 EMA on a closing basis.
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