Looking to buy the USD against the YEN, while most people believe this pair to continue down. i am looking for small relieves in the daily which will offer me great pips on the Hourly.
Patiently waiting for price to hit demand level (support), might turn early at the 161.8 fib ext. But because of my small account i have to wait for price to hit at the lowest point of my support so that i can my stops right below structure and this will offer me maximum reward with the lowest risk possible.
Looking at the daily chart, price has just gave us a break above close above at major resistance level. This prepares me for a possible long opportunity, additionally we see a AB=CD completion at next resistance level
