Description
⋅ USDJPY – SPOT: Waiting For A Bullish Fakey Setup
Price Action: Price formed an Inside Bar Pattern late last week (We are not considering trading this pattern).
Price moved lower from the prior Bearish Pin Bar Signal that had formed early last week (We did not consider trading this signal).
Potential Trade Idea: We are considering waiting to see if the current Inside Bar Pattern turns into a Bullish Fakey Setup.