USDJPY – Bullish Fakey Setup Triggers | 2-27-2022
Price Action: Price formed a Bullish Pin Bar Signal just above the 114.69 – 115.05 short-term support area, late last week.
Price briefly moved higher from the recent Bullish Fakey Setup + Long Tailed Bar that had formed just above the 114.69 – 115.05 short-term support area, late last week.
Potential Trade Idea: We are considering buying on a pullback into the range of the recent Bullish Fakey Setup + Long Tailed Bar area, with risk management below the low of the Long Tailed Bar’s low.
Price Action: Price formed a Bullish Pin Bar Signal just above the 114.69 – 115.05 short-term support area, late last week.
Price briefly moved higher from the recent Bullish Fakey Setup + Long Tailed Bar that had formed just above the 114.69 – 115.05 short-term support area, late last week.
Potential Trade Idea: We are considering buying on a pullback into the range of the recent Bullish Fakey Setup + Long Tailed Bar area, with risk management below the low of the Long Tailed Bar’s low.