美元 / 日圓
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USDJPY – Multiple Inside Bar Pattern

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USDJPY – Buying A Breakout From Multiple Inside Bar Pattern

Price Action: Price formed a Bullish Multi-Bar Fakey Setup late last week (yet to trigger).

Price had been forming a Multiple Inside Bar Pattern since last Monday (We suggested trading this pattern in the May 6, daily newsletter). 

Price moved higher from the prior Bullish Multi-Bar Fakey Setup that had formed over a week ago (We suggested trading the pullback to this setup in the April 28th, members' daily newsletter).

Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current Multiple Inside Bar Pattern (Which will also result in the Multi Bar Fakey Triggering).

Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the prior Bullish Multi-Bar Fakey Setup.

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