a huge multi session double bottom has formed. Once price can break through the 800EMA there's an opportunity to go long for about 20 pips to the first point of resistance from yesterdays session.
Trapped volume in USDJPY for all long holders. on the 4HR timeframe we have a nice Gartley Pattern playing out, and on the smaller timeframe have a perfect double top near the trapped volume area
Short to the high of the day from yesterdays session quick 30-40 pip scalp since there's clear volume trapped going long
following from my previous post, stop was taken out and i think it was a little tight anyway price has tested the 50EMA and im looking at a re-entry to short down to 1.0711 area
Once price moves towards the 200MA i think it will break and go down to test the Low of the Day (LOD) from yesterdays London/New York session. Placing sell stop and waiting until it gets hit. Will keep an active SL on the position and move it to break even once +10 pips.
look closely and see that these candles where the red box is has just trapped all short sellers in the market. Have to remember all this is speculation and this is a clear money grab. price has just tested this area to make people think price is going long again, but i believe in the next 4-8 hours it'll drop short. price to test the 200MA and area of previous...