USDJPY Intraday Plan: W formation Spotted!
Updated
Felt like buyers wanna take some advantage sentiment wise and seem like they wanna push the price upward which might work for intraday prolly. I caught W formation (double bottom: reversal pattern) and on Higher Timeframe doesn't seems much bearish domination so there could be chance for bulls to weigh over market in lower time frame indeed. Bear in mind with taking proper risk management in play if you ever plan to take this idea. Thanks for reading my idea and I hope you enjoyed and if you think it added some value in your trading don't forget to support me by hitting a thumbs up button! (LIKE)
Trade active
Stop-loss 5pip below 107.125 moved. If this fails we exit.Trade closed: stop reached
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