USDJPY H1 – Trading Volume Spread Analysis Near A Support +97 Pips
Leonardo Barata | Apr 23, 2015 12:55AM ET
1. Background (100) was strong
2. There was a strong signal near the support, which means there was demand
3. Wait for an entry bar near the support. The Yen gave plenty of chances to enter, and some even at a better price than at this trade
4. Exit after a Supply signal. Note that there was a previous Minor Supply signal, but 2 of those are required to exit, as those often just signal a temporary reversal.
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