I am waiting for UJ to kick back down to the lower trendline before reversing its course toward the upper trendline. Waiting for touch and bounce back before longing the pair. (look at the red arrows for trade set up)
Another possibility is that price might do a partial decline and bounce off the supporting line and just shoots up. (the blue dotted arrows)
Another possibility is that price might do a partial decline and bounce off the supporting line and just shoots up. (the blue dotted arrows)
Trade active:
Price hit the buy limit, in profit
Trade closed: stop reached:
USDJPY took an unexpected turn to the downside due to weakening US dollar. Looking for another entry.