Good things come to those who wait: A case for retracements (UJ)
Hello Traders
Dollar yen has been on a rather violent bullish action the past two days after about six days of consolidation.
Highlighted the major trend line that was broken on the hourly.
My case is to wait on the retracement to take place back to 112.500 and trade the retest from the upside of the trend line.
If price continuous without revisiting that price then we won't be boarding upon this one.
Trade safe, Trade well.
Dollar yen has been on a rather violent bullish action the past two days after about six days of consolidation.
Highlighted the major trend line that was broken on the hourly.
My case is to wait on the retracement to take place back to 112.500 and trade the retest from the upside of the trend line.
If price continuous without revisiting that price then we won't be boarding upon this one.
Trade safe, Trade well.
Order cancelled:
Price moved higher past target so we missed out on this one.
A new setup is always around the corner so there is no need to jump the gun.
Thank you
A new setup is always around the corner so there is no need to jump the gun.
Thank you