Price Action - USDJPY Long
Updated
- H4 Trend Line (TL), Change in Market structure. Daily Down TL break and new HH's and HL's, Inside Bar Bullish Break Out, 50% Fib Retracement, H1 CTL Break
- H1 Bullish Engulfing, Bullish MA Crossover
Order cancelled
Opportunity existed for profit taking in movement from 20-40 Pips. However fundamental macro economic influences trumped the technical in this case with structure for the idea not being upheld.
Note
For longer term trading strategies, idea is still valid (Daily TTT & H4 HL + Now HH). However success in trading comes from sticking to your strategy. This idea was no longer in accordance with the parameters of my plan.
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