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UnknownUnicorn393254

USDJPY – SPOT: Waiting For A Retracement To Rejoin Up Trend

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
UnknownUnicorn393254  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Support and Resistance Candlestick Analysis usdyen USDJPY usdjpylong usdyenlong fx Forex
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trendanalysis supportandresistance candlestick usdyen usdjpy usdjpylong usdyenlong fx forex
USDJPY – SPOT: Waiting For A Retracement To Rejoin Up Trend

Price Action: Price briefly moved below the recent Multiple Inside Bar Pattern that had formed late last week (We are not considering trading this pattern).

Price moved significantly higher from the prior Bullish Inside Bar + ultra-small Pin Bar (Combo Setup) that had formed just above the 125 short-term support level, over two weeks ago (We suggested trading this pattern in the April 13th, members daily newsletter).

Potential Trade Idea: We are considering buying on a retracement lower to within the range of the prior Bullish Inside Bar + ultra-small Pin Bar (Combo Setup).
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