In the following video I've provided 3 scenarios in which I would look to take part in any trades. The first of which is quite simply a higher high will produce another higher high.
Both scenarios afterwards are reversals. If price throws indecision in the correct direction, it signals a reversal. The daily close today will suggest a lot at yesterday was relatively volatile.
buyusdjpyChart PatternshigherhighnakedtradingPennantreversalpointTrend AnalysisuptrendUSDJPYusdjpydailyusdjpylongusdjpysell

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