USD/JPY the two ways to trade (long and short) logic

Jimmy_Rebello Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
1. for pullback trader or people on short side will trade based on lower low and lower high formation
but price movement on down side is bit slow and steady

if price reacts on 2nd poi but,
does not break the recent (internal lower low) of 141.500

and makes higher low this make the short trade very choppy mind exhaustion

2. for long side trader price might defend the low of 141.500 well and breaks above the both POI wait for the retracement
let the price complete the chart pattern of CUP AND HANDLE
(well the chart pattern is just a assumption do not trade before the completion)

My Today's Learning

candle CLOSE & pattern COMPELETION is the key

price has followed the bullish pattern


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.