MaHuaHong

volume down, seller exhaust, indicator up - buy UJ

Long
MaHuaHong Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
3
UJ already get over the trap bay, since every seller is exhaust (volume down in down trend) and the potential strength of USD is goes up strong, so buy UJ
Trade closed: stop reached:
-550 pips, hit SL
Comment:
it's so bad. I nearly catch the right bottom, just 3 more bars and we have another 3000 pips.
next time, i think its better if i wait for at least 1 confirmation bar (usually a star or pin bar)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.