FX:USDJPY   U.S. Dollar / Japanese Yen
This pair has been in a downtrend and has just created a lower low followed by a pullback and nice advanced engulfing 123 candle. All below the 50ema. This makes for a good example of the pullback strategy.

Entry - 109.65
Stop - 109.98
T1 - 109.33

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.