DavidBelleFX

Following on from yesterday's Order Flow piece

FX:USDJPY   U.S. Dollar / Japanese Yen
I had purposely identified the yellow rectangle at the bottom yesterday as an extremely key area. Notice how price has returned to this area and is potentially turning bullish . Also noteworthy is why price dipped to today - below the low of the bullish candle leading up to bullish momentum in the prior of consolidation (yellow box). These are areas where you can look to make great trades. Also of note is the long wick on the hammer candle in the blue box.

Form your own opinions.

This is not to be interpreted as investment advice.

Trading leveraged products carries a potentially high level of risk. Losses may exceed deposits.
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