USDJPY H1 – Follow-up trade +49 Pips

2015-12-08 21_34_07-USDJPY,H1

One more trade in USDJPY opened after previous analysis. As I discribed, the market is moving sideways and 123.74 – is a key level which represents resistance to higher prices. Again price changed direction near this resistance. I waited another signals and shorted the market.

  1. Background turned to weak.
  2. Weak signal (Minor Supply) before trend changed. Reversal indicator also confirms market reversal in this place.
  3. Entry after dynamic trend turned from red to green (stop-loss is placed above long-term resistance)
  4. Exit by reaching TP level

Total: + 49 Pips


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