USDJPY Long Trade Setup
Hello Traders
It made a new low and bounced back. So the last bottom can be the end of the bigger correction and we can have an amazing upward impulse. That being said, a running flat under the orange trendline seems more likely. I'm planning to take a trade and hedge around the trendline. Then I'll wait for the next structure. I placed a pending order, but if I see a better setup after the correction, I'll take it.
Trade with care.
Bulent
It made a new low and bounced back. So the last bottom can be the end of the bigger correction and we can have an amazing upward impulse. That being said, a running flat under the orange trendline seems more likely. I'm planning to take a trade and hedge around the trendline. Then I'll wait for the next structure. I placed a pending order, but if I see a better setup after the correction, I'll take it.
Trade with care.
Bulent
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