I discussed this setup in my weekly review. Check it out here.
This looks like an obvious range bounce trade. I will enter at a break higher targeting the upper end of the range. Stop will be just below the wicks of the previous two candles.
I have entered the following into my trading log:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-12 USDJPY Long Range Side Horizontal Support Indicision break
Good luck trading this week everyone.
This looks like an obvious range bounce trade. I will enter at a break higher targeting the upper end of the range. Stop will be just below the wicks of the previous two candles.
I have entered the following into my trading log:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-12 USDJPY Long Range Side Horizontal Support Indicision break
Good luck trading this week everyone.