Having another go at this long
In my previous USDJPY idea, I cut losses prior to the third wick down taking out my stop loss. Could it have been a stop hunt?
Now price has failed to break below the support zone multiple times, almost like a triple bottom. Now on the H4 we can see a pinbar followed by 3 white knights candlesticks; momentum might be starting to build up.
Idea is still the same as my previous idea. Good luck
Now price has failed to break below the support zone multiple times, almost like a triple bottom. Now on the H4 we can see a pinbar followed by 3 white knights candlesticks; momentum might be starting to build up.
Idea is still the same as my previous idea. Good luck
Trade active
Note
Ideally, I want to see price action make a local higher high today. Otherwise, I will conclude this as a dead cat bounce and cut losses.Trade closed: stop reached
Trade P/L: -150 pips / -100%
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Related publications
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.