USDJPY – SPOT: Price Moved Higher From Double Bullish Pin Bar Signals (Double Bullish Pin Bar + Inside Bar Combo Setup)
Price Action: Price moved slightly higher from the two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) that had formed late last week (We suggested trading this Setup in the June 13th, weekly commentary and hopefully some traders got on board).
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a retracement lower to within the range of the Two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) that had formed late last week.
Potential Trade Idea 2: We are considering buying on a retracement lower and/or after a price action buy signal, at or around the 131.35 short-term support level.
Price Action: Price moved slightly higher from the two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) that had formed late last week (We suggested trading this Setup in the June 13th, weekly commentary and hopefully some traders got on board).
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a retracement lower to within the range of the Two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) that had formed late last week.
Potential Trade Idea 2: We are considering buying on a retracement lower and/or after a price action buy signal, at or around the 131.35 short-term support level.