Buy USDJPY at ABCD Pattern

Buy USDJPY when the price close above the line

Kommentar:

seen here the price failed to close above the yellow line, fortunately, I was not careless immediately buying when the price passed that line,

I will wait for the price to return to the 50% and 0.618 areas,
I will buy when the price indicates that the price will go up again in that zone,
and see the price action,

see a confirmation candle, such as the inside bar, then I will buy when the candle breaks the mother candle,

or a false break that occurs with a long shadow, then I will buy it when that happens,
if the 3 candles after the confirmation candle appear, the price doesn't show any indication of reverse direction, then I will cut my position,

Trade ist aktiv:

Buy Stop 105.37
SL 104.9

Trade geschlossen: Ziel wurde erreicht