Study the charts on USDJPY; the first thing we see is that the pair is on an uptrend. How do I trade with this information?
The answer is we wait for the price to create a new high and then pull back.
After the pullback there are different types of entries I take depending on how the price plays out, they are as follows
i) Price-taking internal liquidity
ii) Price pulling back to flip zone
iii) Price pulling back to Order Block
In this case, I am trading the pullback to Order Block. Plus I have extra confirmation which is a bullish hammer.
I shall be sharing videos of my analysis on YouTube and shall share the link in my next publication. The videos shall feature in-depth explanations of USDJPY analysis.
The answer is we wait for the price to create a new high and then pull back.
After the pullback there are different types of entries I take depending on how the price plays out, they are as follows
i) Price-taking internal liquidity
ii) Price pulling back to flip zone
iii) Price pulling back to Order Block
In this case, I am trading the pullback to Order Block. Plus I have extra confirmation which is a bullish hammer.
I shall be sharing videos of my analysis on YouTube and shall share the link in my next publication. The videos shall feature in-depth explanations of USDJPY analysis.