USDJPY: Bullish Multi-Bar Fakey Setup

USDJPY – SPOT: Buying On A Retracement To Within The Range Of Bullish Multi-Bar Fakey Setup

Price Action: Price moved lower from the Bearish Tailed Bar Signal that had formed late last week (We did not consider trading this signal, nor did we mention it).

Price moved briefly higher from the prior Bullish Pin Bar + Inside Bar (Combo Setup), before reversing back down (We suggested buying on a breakout of this setup in the July 21st daily newsletter).

Price moved lower from the recent Multiple Inside Bar Pattern that had been forming since early last week.

Price moved higher from the recent Bullish Multi-Bar Fakey Setup that had formed on Thursday June 23rd (We have been suggesting trading the pullback into the range of this setup since June 30th daily newsletter).

Potential Trade Idea: We are considering buying on a retracement lower to within the range of the recent Bullish Multi-Bar Fakey Setup that had formed on Thursday June 23rd (Currently Active).