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Price Action - USDJPY Long

Oleh hamishaitken
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- H4 Trend Line (TL), Change in Market structure. Daily Down TL break and new HH's and HL's, Inside Bar Bullish Break Out, 50% Fib Retracement, H1 CTL Break
- H1 Bullish Engulfing, Bullish MA Crossover
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Opportunity existed for profit taking in movement from 20-40 Pips. However fundamental macro economic influences trumped the technical in this case with structure for the idea not being upheld.
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For longer term trading strategies, idea is still valid (Daily TTT & H4 HL + Now HH). However success in trading comes from sticking to your strategy. This idea was no longer in accordance with the parameters of my plan.
Chart Patternsdaytradingmulti-timeframepriceactionpriceactiontradingTrend Analysis
hamishaitken
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