michaelfehser

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Markets Allocation
100 % forex
Top Mentioned Symbols
EURJPY 50% | 1 USDJPY 50% | 1
michaelfehser michaelfehser USDJPY, D, Short ,
USDJPY: USD/JPY false break reversal setup
44 2 3
USDJPY, D Short
USD/JPY false break reversal setup

Textbook false break reversal setup forming on USD/JPY. Daily inside bar at the upper bollinger band followed by a false break to the upside. Going to enter this trade on the close of the 7/19 candle, placing my stop a little above the high of that day, and my take profit down at the lower band. These setups are slightly rare, but extremely powerful; they often ...

michaelfehser michaelfehser EURJPY, D, Short ,
EURJPY: EURJPY Bearish Fakey
25 1 1
EURJPY, D Short
EURJPY Bearish Fakey

Nice false breakout of the inside bar pattern in line with the daily, weekly and monthly bearish trend. Entered at the close of the 4/4 candle. SL is just above the high of the false break, and and looking to take a 4:1 profit on this trade.

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