USDJPY – SPOT: Buying On Breakout Of Inside Bar Pattern
Price Action: Price formed an Inside Bar Pattern overnight.
Price moved higher from the Inside Bar Pattern that had formed late last week (We suggested trading the breakout of this pattern in the August 5th members' daily newsletter).
Price moved higher from the Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level, early last week (We suggested trading this signal in the August 3rd members' daily newsletter).
Potential Trade Idea 1: We are considering buying on a breakout of the current Inside Bar Pattern.
Potential Trade Idea 2: We are considering waiting to see if the current Inside Bar Pattern turns into a Potential Bullish Fakey Setup.
Potential Trade Idea 3: We are considering buying on a retracement lower to within the range of the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level, early last week.
Price Action: Price formed an Inside Bar Pattern overnight.
Price moved higher from the Inside Bar Pattern that had formed late last week (We suggested trading the breakout of this pattern in the August 5th members' daily newsletter).
Price moved higher from the Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level, early last week (We suggested trading this signal in the August 3rd members' daily newsletter).
Potential Trade Idea 1: We are considering buying on a breakout of the current Inside Bar Pattern.
Potential Trade Idea 2: We are considering waiting to see if the current Inside Bar Pattern turns into a Potential Bullish Fakey Setup.
Potential Trade Idea 3: We are considering buying on a retracement lower to within the range of the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level, early last week.