Leonardo Barata | Nov 30, 2015 12:58AM ET
In USD/JPY analysis at first I would like to discuss H4 timeframe. After the shake-out which was also a stopping volume for mark-down movement, the price started to move sideways within trading range. This was a wide trading range. Therefore trading strategy was to wait price reversal near the resistance/support of the trading range and open a trade after the necessary signals from VSA setup. With VSA and Reversal indicators it is very easy to find a good entry and exit place. This pattern has been valid for 2.5 months until we had very strong signal (Major Demand) + Reversal signal. As a result there was a break-out from this trading range.
More recent picture we can see in M15 timeframe. Now the price has drawn two key levels:
Look carefully when the price is approaching these levels. VSA and Reversal indicators will help you to understand next price movement.
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