Dislikedsorry .... that is slightly wrong technique. We know that boj may intervene in market again and will wait for all big players to disappear before they have to start buying billionsi n usd again
so what do we do and how do we know where to enter into a uj long trade ?
well using vsa you wait and wait and wait unilt we get a low volume test on a down move , that is our entry . If boj really are going to intervene again that low vol test may be the entry that gives you 200 pip plusi n under 2 hours.Ignored
Point noted Malcolm.
Normally I stay away from USD/JPY anyway, I do prefer EUR/JPY and AUD/JPY.