The USD/JPY trade is a good example of a nice simple trade. I wasn’t initially all that excited about the trade as the 89’s had moved into the 144’s area and was causing congestion on the 4 – hour chart.But as the TI broke I started paying attention to the 30 – minute chart.
When the 30 – minute started breaking down it had all the looks of a solid break.
This will come with experience.You will develop a sense for when a break is real or false.
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