USDJPY – Bullish Fakey Setup Triggers

USDJPY – Bullish Fakey Setup Triggers | 2-27-2022

Price Action: Price formed a Bullish Pin Bar Signal just above the 114.69 – 115.05 short-term support area, late last week.

Price briefly moved higher from the recent Bullish Fakey Setup + Long Tailed Bar that had formed just above the 114.69 – 115.05 short-term support area, late last week.

Potential Trade Idea: We are considering buying on a pullback into the range of the recent Bullish Fakey Setup + Long Tailed Bar area, with risk management below the low of the Long Tailed Bar’s low.
Candlestick AnalysisChart PatternsForexretracementsSupport and ResistanceUSDJPYusdjpylongusdyenusdyenlong

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