USDJPY long entry zones: UJ pullback watch on 15 min chart

31 oct. 2018

UJ looks due for a pullback. This is just a quick plot to watch the action.

I am expecting it will be a ''minor'' pullback because I think risk sentiment is biased long for now.
Thus I have been long for a couple of days, based on this plan :

But as seen in above plan, it has hit first resistance and definitely noticing it. So the question is how strong is that resistance? or more like ''how far of a pullback is needed to slingshot through it?

31 oct. 2018

Note

Nice bounce on the idea buy zone (lower green) but ALAS, it only grabbed a few of my limit buys, which I like ''ladder'' within such a zone. Oh well, lets see how far these can ride, or maybe I will add on dips