USDJPY - Daily demand zone
Lovely setup came in and swung to target. Easy 1.7% gained on this with a 1.7:1 risk reward. Price came into a daily demand area, and thus was looking for price action to confirm the presence of buying. We made a higher low meaning buyers were no longer willing to wait for price to come back before hitting the market with an additional confluence of a bullish engulfing pattern. Slight drawdown through the trade but held regardless and was paid for it.
This is my first post - will be calling the trades BEFORE taking them in the future!
This is my first post - will be calling the trades BEFORE taking them in the future!
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