Marvin
Long

USDJPY possible repeat scenario

FX:USDJPY   U.S. Dollar/Japanese Yen
32 2 2
Hi traders. Are we getting a repeat scenario of what happened last October? Then we saw a 4.4% correction down to previous structure followed by a weekly hammer. A similar situation has occured 4 weeks ago. I'll be looking for buying opportunities around the 124.45 area. Comments welcome. Thumbs up too! :)
SmartTradingFX
a year ago
Hi Marvin, Why would you buy around the 124.45?
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Marvin SmartTradingFX
a year ago
Hi. I was trying to find a spot where price might retrace to based on previous structure and this seemed a good one. It came back to 124.54 (my chart) before rising again, only to fall back lower before a bigger impulse move that I was waiting for. So I missed it. I don't like how things are looking just now for the $ so I'm staying out even if I'm tempted.
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