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jetly232
Jun 10, 2020 3:18 AM

USDJPY - LONG Long

U.S. Dollar/Japanese YenFXCM

Description

Price has reached a key level area and the nature of the approach is too corrective.
Its has formed a falling wedge pattern.

Placed a buy stop order following a Bullish engulfing candle.
This is a Risk Entry therefore the risk is low and the reward is higher. But since its a risk entry there are chances for being tagged in and out.
As long as the pattern and structure do not change i will still look to enter it over and over.

Comment

Price has still not been triggered as the price is still continuing its corrective more.
Will re-adjust my entries

Order cancelled

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