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U.S. Dollar / Japanese Yen
Long

Buy USDJPY at ABCD Pattern

By Rich_From_Home
Updated
Buy USDJPY when the price close above the line
Comment
seen here the price failed to close above the yellow line, fortunately, I was not careless immediately buying when the price passed that line,

I will wait for the price to return to the 50% and 0.618 areas,
I will buy when the price indicates that the price will go up again in that zone,
and see the price action,

see a confirmation candle, such as the inside bar, then I will buy when the candle breaks the mother candle,

or a false break that occurs with a long shadow, then I will buy it when that happens,
if the 3 candles after the confirmation candle appear, the price doesn't show any indication of reverse direction, then I will cut my position,
Trade active
Buy Stop 105.37
SL 104.9
Trade closed: target reached
AB=CD
Rich_From_Home

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