A short open when the next 30 min candle opens below 2147 with a tight stop loss above last high. Take profit at pivot point with a 2:3 risk:reward. Forward testing a modification of a strategy I recently learned
Price is supported at 103.800, a turncoat structural support. Price has bounced off 61.8% retracement and is currently at 38.2% retracement. Price has reacted here quite a few times before. I have a long bias on USDJPY as in the daily time frame, it has broken it's downtrend and has broken above the ichimoku cloud. My bias is also bolstered by strengthening USD...