USDJPY: Buying A Breakout - May 1,2022
USDJPY – Buying A Breakout From Inside Bar Pattern
Price Action: Price formed an Inside Bar Pattern, late last week.
Price moved higher from the recent Bullish Multi-Bar Fakey Setup that had formed mid-last week (We suggested trading the pullback to this setup in the April 28th, members' daily newsletter).
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current Inside Bar Pattern.
Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the recent Bullish Multi-Bar Fakey Setup.
Price Action: Price formed an Inside Bar Pattern, late last week.
Price moved higher from the recent Bullish Multi-Bar Fakey Setup that had formed mid-last week (We suggested trading the pullback to this setup in the April 28th, members' daily newsletter).
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current Inside Bar Pattern.
Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the recent Bullish Multi-Bar Fakey Setup.