tinypotatodotca
Short

Look for continuation if UJ retraces to key area

FX:USDJPY   U.S. Dollar/Japanese Yen
80 3 3
If UJ retraces to a key area a short trade can offer approximately 1.5X risk/reward.

A more conservative entry is to look for a confirming pattern on a lower timeframe (e.g. 15min) once the market retraces above 101 even handle
TradZ
3 months ago
It's retracing now no?
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TradZ
3 months ago
Well maybe just a quick pullback b4 101 as I can see a nice 4hr chart(bullish)?
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tinypotatodotca
3 months ago
It is retracing, but I don't try to catch moves that are counter (bigger) trend. i.e. I don't try to go long here to target a retrace to 101. My plan is to wait for the market to reach a decent area (based on previous areas of support / resistance) that also offers a risk/reward above 1.3X
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