USDJPY long set up indecision
I'm a bit on the fence here
-after a big bear push now we formed indecision candle on the daily
-on the 4h we are forming a W at the Monthly 110.00
-on the 2h we have the emas already crossing over
-We failed to make lower lows
So given the confluences I think we should go up to at least the pink level, but given that it is still indecisive i might wait for some confirmation. Besides I don't like the R:R.
When in doubt, stay out.
-after a big bear push now we formed indecision candle on the daily
-on the 4h we are forming a W at the Monthly 110.00
-on the 2h we have the emas already crossing over
-We failed to make lower lows
So given the confluences I think we should go up to at least the pink level, but given that it is still indecisive i might wait for some confirmation. Besides I don't like the R:R.
When in doubt, stay out.
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