USDJPY: Multiple Inside Bar Pattern

USDJPY – SPOT: Buying On A Breakout Of Bullish Multiple Inside Bar Pattern

Price Action: Price formed a Bullish Multiple Inside Bar + Ultra-small Pin Bar (Combo Setup) late last week.

Price formed a Potential Bullish Multi-Bar Fakey Setup early last week (This Setup will trigger only if price breaks out above the Mother Bar’s high), (We suggested waiting for the Bullish Fakey setup in May 25th, daily newsletter).

Potential Trade Idea 1: We are considering buying on a breakout above the current Bullish Multiple Inside Bar + Ultra-small Pin Bar (Combo Setup)

Potential Trade Idea 2: We are considering waiting to see if the current Bullish Multiple Inside Bar + Ultra-small Pin Bar (Combo Setup) turns into a Potential Bullish Fakey Setup.