Price action and valuation indicate high probability of up move

٢٣ يونيو ٢٠٢٠

USD/JPY has been very boring until today. Note how price has broke above the lower distribution area and rejected an attempt to re-enter the lower distribution area. Bond spread rising and price action indicate a high probability of moving higher from current levels. Stop only needs to be below the high volume node of the lower distribution so risk reward looks good

٢٣ يونيو ٢٠٢٠

أغلقت الصفقة: تم الوصول لوقف الخسارة

Closed at 106.88 with 20 pip loss. Reversed now short from 106.88