FX:USDJPY   U.S. Dollar/Japanese Yen
164 1 1
I have a buy stop at the fractal entry point.
There is a flag formation and this may play out
I wont take a short as price is still above the
Alligator Jaw Blue line. I am also watching
for a shift in momentum green bar on the
Awesome Oscillator . Another fractal or a
shift in momentum and I will adjust my entry point.'
The bears have knocked this down pretty hard and
the dollar is showing strength
Thanks for the idea, I appreciate the simplicity of your charts. I picked up the level you mention ( your buy fractal area ) and had a look at the Monthly chart. I know I will be probably boring everyone to death by focusing on those higher timeframes, but sometimes they do show where we are with amazing clarity. Success to you and keep it up !
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