brettschoenfelder
Long

USDJPY DZ Buy below Range Bottom

OANDA:USDJPY   U.S. Dollar / Japanese Yen
28 views
5
W
Price has been ranging between 111 and 115. I am watching these types of ranges to see if I can more quickly identify them and jump in at the upper bounds.

D
Was considering Buying off the bottom of range, but there is a daily zone just below. My hypothesis is that the bottom range will fail, but get picked up in the zone just below.

240
Using the origin of the strong move away and ignoring the rest of the daily area.

TP
3:1

Comments

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