Forex For Beginners - Trapped Traders® Daily Analysis - Buying USD/JPY

Описание

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The trap we’re going to look at today is what I refer to as a structure failure trap and a rat trap, which occurred in this area here. Traders at the hard right edge would’ve been very seduced and induced in by this Brexit drop if they had missed that initial move. So, on that pullback, traders would be going short and trying to get short in and around these areas here.

As price breaks the new lows, traders at the hard right edge would’ve believed that this was going to follow through. But as you can see, it spiked the low and now it’s heading higher, and probably going to do a big old stop hunt in and around this area here. So, if we get a pullback, this looks like a pretty good place to get long, but make sure that equities are continuing to move higher in lock step with dollar strength off the back of a really strong payrolls number from Friday.

https://www.youtube.com/watch?v=GlDQszKAO7g

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