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$USDJPY potential reaction zone 21 Feb 2013

by Gav Leave a Comment

[tab: Setup 21 Feb 2013]
I am looking at the zone around 92.75 of USDJPY for some reactions. It is a retest of H1, H4 uptrend line and also the base of last spike. Let’s see how it goes.

USDJPY M30
USDJPY M30

[tab: update 22 Feb 2013]

It depends on the buffer you’ve set, or if you leave your order after the 1st rebound, you might have missed the entry by few pips. Annoying, it is. Anyway, here is the updated chart. Price reacted well at the demand zone. now heading to retest the back of inner trend line

USDJPY M30 updated chart
USDJPY M30 updated chart

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Filed Under: Price Action trade, Trading Journal Tagged With: SD-PA, technical setup, USDJPY

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