USDJPY Long with 2 confluences (Zero Indicators)

2 Mar 2021

Confluence:
1: Price is trending bullish on the daily time frame making new highs and higher lows.
2: Price Broke out and closed above previous weeks high on the daily time frame.


Entry:
Wait for price to come and test the area around the lows of the current week, creating a Higher low before continuing to the target of 108.500.

3 Mar 2021

Not

Price is still 37.5- 40 pips away from the low of the current week. If you take a look at how the previous daily candle has closed, it shows selling pressure in the form if a bearish pinbar pattern formation. Its still too early to enter. Its best to wait and see how the current daily candle closes. We need price to move more towards the low of the current week.

4 Mar 2021

Not

Pais moving nicely towards target. Got a late entry. It better to wait than enter too soon and get stopped out.

5 Mar 2021

Not

Target reached!