USDJPY - bullish inside bar/pinbar fake-out buy signal
Updated
1)Market is in an uptrend
2)Market has pulled back
3)Market has thrown a bullish buy signal for near term support level
As shown above, the market has provided the 3 key components for getting directional. This could provide a good risk/reward setup to get long.
2)Market has pulled back
3)Market has thrown a bullish buy signal for near term support level
As shown above, the market has provided the 3 key components for getting directional. This could provide a good risk/reward setup to get long.
Trade active
Got directional using FXJNote
Meant FXYNote
Closed this trade for a small -0.25% loss. Pinbar was invalidated when price broke below 111, and overall USDJPY looks pretty weak is it is unable to break back above 111 during the US session. Bias is still bullish but will need to see a new, high quality bullish price action signal
Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019
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