FX:USDJPY U.S. Dollar/Japanese Yen
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! :)
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.