immense buying pressure

FX:EURJPY   Euro / Japanese Yen
153 1 1
this pair is under immense buying pressure so i figure the smart money who mised out already would be looking to jump in on the long side on the previous candle you see the wick or tail is giving a clear buying signal indicating that more buyers came into market im going long now with a stop just below the low of previous candle with a profit target at the next resistance level which is 133.50 lets see how it goes happy trading to all
this is an example of learning a valuable lesson from a losing trade i took this trade in a rush plus because i been having alot of winners lately i was way to over confident but the market will always humble you if i had look to the left i would have seen that i bought into heavy resistance which is a pure recipe for disaster happy trading to all hope you learn from my mistake
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