RESULTS ON USD/JPY SO FARUSD/JPY 1H - As you can see from the analysis above the analysis that was provided back on the 1st December has played out exactly as predicted, we wanted to see structure break to the upside then pullback before taking off.
As you can see price has done exactly that, we have seen price trade up breaking structure initially, telling us retail traders that the trend is reversing to the upside. We then saw price begin trading down and into an area of interest.
The trade above is running + 150 pips. (+ 7%) 7RR
This giving us the opportunity to buy into this market at a good price, one that was more refined and cheaper than where it was at initially. You can also see the most recent analysis performed on this weeks Sunday Sessions video.
I have gone ahead and put a trade out on screen so you can see how that most recent analysis has performed, price has played out perfectly generating some healthy returns. I feel we will see price now trade up and into the Supply Zone above.