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Nemo75
Nov 9, 2017 6:02 AM

LONG opportunity on whipsawing UJ H4 Long

U.S. Dollar/Japanese YenFXCM

Description

UJ is going nowhere since May, just zigzagging.
BULLISH opportunity. See chart for details and as always: Once price reaches the entry zone let the priceaction show you the best moment to entry. Do NOT enter blindfolded at 88.6 retracement, since there is a long bearish candle forming currently, signalling a lot of bearish momentum.
Happy pips to anybody.

Comment

Still waiting for a confirmation candle on H4 timeframe.
Importance of patience and "listening" to what the price tells and shows you instead of relying only to indicators.
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