USDJPY: The Perfect Storm Trade!
USDJPY: Taking A Gamble That Buyers Will Support this Buy Zone
I am in with all four legs. I like this level, and I like how the price returned back to this area to give me a second opportunity to enter this trade before another bullish move back up in the resting dollar.
Reason to take the trade:
(1) Demand zone
(2) Long term 60 minute trendline right in the demand zone.
(3) 78.2% fib
(4) Potential NM and Pi pattern lining up together at the same time.
(5) On the buy side of the control line, which can act as support.
*Now, I just need a strong reaction; and then, this will make the perfect storm!
I am in it though...waiting...going to take a rest. Take care journal!
I am in with all four legs. I like this level, and I like how the price returned back to this area to give me a second opportunity to enter this trade before another bullish move back up in the resting dollar.
Reason to take the trade:
(1) Demand zone
(2) Long term 60 minute trendline right in the demand zone.
(3) 78.2% fib
(4) Potential NM and Pi pattern lining up together at the same time.
(5) On the buy side of the control line, which can act as support.
*Now, I just need a strong reaction; and then, this will make the perfect storm!
I am in it though...waiting...going to take a rest. Take care journal!
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Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.