USDJPY: Buying On Retracement
USDJPY – SPOT: Buying On Retracement And After Price Action Signal Above 140.33 - 143.49 Support Area
Price Action: The Bullish Pin Bar Signal that had formed on Tuesday, Oct 18th has now been invalidated.
Price exploded higher from the ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th (We suggested buying on a breakout higher of the nose of this Signal in the Oct 10th, weekly newsletter and hopefully some traders got on board).
Potential Trade Idea: We are considering buying on a retracement lower and after a price action buy signal, within or just above the 140.33 – 143.49 short-term support area, which concedes with the recent ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th.
Price Action: The Bullish Pin Bar Signal that had formed on Tuesday, Oct 18th has now been invalidated.
Price exploded higher from the ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th (We suggested buying on a breakout higher of the nose of this Signal in the Oct 10th, weekly newsletter and hopefully some traders got on board).
Potential Trade Idea: We are considering buying on a retracement lower and after a price action buy signal, within or just above the 140.33 – 143.49 short-term support area, which concedes with the recent ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th.
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