1. Trade pullback ?
>>> let price get back to POI for entry with sl above POI
(offers good R:R)
>>> follow the lower high lower lows pattern
>>> exit on price switching to higher low
2. Conservative Trade ?
>>> wait for the price to get a DISCOUNTED ZONE
(fib 0.5 from recent swing low to high)
>>> long on swing making higher low and higher high
(avoid...
In Daily and Weekly, TF shows weakness, so every bounce is a shoring opportunity.
There are two resistance on the chart in 4Hr TF, as marked in the chart.
The strong support zone near 138.500-139.200.
FX:USDJPY
A Good Consolidation flag breakout has seen in USDJPY, if it gives breakout and retest then take entry.
plan your trade accordingly and manage your risk to reward ratio.
