USDJPY expectations
Comment:
I went long at 104.32. However, i have moved my stop loss to breakeven as i don't feel that the price should me moving back down. Reversal back down to this zone from 105.63 could indicate that this is just a pullback of a breakout. I don't believe the market has enough sellers, and the green zone is what caused fear in the market.
Comment:
The market is building up slowing down to the buy zone. The market looks like it will hit the breakeven and continue to rally down. If the market reaches my entry orders and I can expect it to go in my favour. But when the market is reversing slowly, its highly likely to go against you.
Comment:
There is still hope if the hourly candle holds and closes at this rate
Comment:
I was stopped out at break even, however i would have lowered my stop loss, had i seen the 15 min chart pattern showing bullish pattern.