Looking for PA to confirm a LH near this point on USDJPY. Thoughts?
Commento:
This relies on weakness in stocks. If you think stocks are going to rally from here, then this idea is not for you ;)
Commento:
Got the Price Action that was expected. Short trades at this level would be aiming for a new Lower Low and stops need to reflect that by being above (138.5). Price should move rapidly away from this level (capped by the upper parallel of the median line set). There is likely to be volatility into the end of the week. Trade Safe...