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timstrading
Feb 9, 2016 11:27 PM

USDJPY 1HR Long

U.S. Dollar/Japanese YenFXCM

Description

AS THE SET-UP SUGGESTS ON THE HOURLY CHART A TURN AROUND IN USDJPY SLIDE COULD BE HERE..IF THERE'S A BREAK AND CLOSE ABOVE 115.50, THEN WAIT FOR A PULL-BACK FOR A RETEST OF TE BROKEN PRICE ZONE...IF THAT HAPPENS , LOOK FOR BULLISH PRICE ACTION (ESPECIALLY LONG-TAILED PIN BARS ON THAT RETEST) ON THE RETEST TO GO LONG THE PAIR..HOLD LONG FOR THE REST OF THE WEEK AND MANAGE POSITION EFFECTIVELY..
Comments
wwfm
Agree !
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