USDJPY was on a clear uptrend.
Then, a major support level was broken. This level was even visible on the 1D chart, which shows that it's a significant level.
Once the level was broken, I quickly entered on a buy once price returns to that level. It was a major level, so I predicted that only a short retest was required.
This is because I felt the market needed more time to gather bullish strength to break the level.
Once I took the trade, followed by strong fundamental news from US, caused massive bullish momentum and the trade was closed with a 1:2 RR.
Then, a major support level was broken. This level was even visible on the 1D chart, which shows that it's a significant level.
Once the level was broken, I quickly entered on a buy once price returns to that level. It was a major level, so I predicted that only a short retest was required.
This is because I felt the market needed more time to gather bullish strength to break the level.
Once I took the trade, followed by strong fundamental news from US, caused massive bullish momentum and the trade was closed with a 1:2 RR.
Eman Abp