Countertrend
USDJPY-Weekly Market Analysis-Mar21,Wk3If the market retraces back to the yellow zone, the action on USDJPY will be on this timeframe, the 4-hourly chart.
If the market shows a buying signal without breaking and closing below the low price within the yellow zone, I will be looking for a buy, however, if the market break and close below the yellow zone, I will wait for a retracement back to 108.70 for a shorting opportunity.
CADJPY - Deep Gartley at XTrading at X is 1 of the trading strategy I employ when it is a Deep Gartley Formation. It has proven that it does more benefit than harm to me.
I've engaged the trade with a very tight stop with a 2:1 for my 1st target.
Although the setup doesn't look promising but let see hot it spin out.