USDJPY – SPOT: Double Bullish Pin Bar Signals (Double Bullish Pin Bar + Inside Bar Combo Setup)
Price Action: Price formed two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) late last week.
Price exploded higher from the Bullish Multiple Inside Bar + Ultra-small Pin Bar (Combo Setup) that had formed around two weeks ago (We suggested trading this setup in the May 30th, weekly newsletter, and hopefully some traders got on board).
Price exploded higher from the recent Bullish Multi-Bar Fakey Setup that had formed over two weeks ago, (We suggested trading this setup in May 26th, members' daily newsletter).
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current Two consecutive Bullish Pin Bars + Inside Bar (Combo Setup).
Potential Trade Idea 2: We are considering buying on a retracement lower and/or after a price action buy signal, at or around the 131.35 short-term support level.