Perfect Price Action #USDJPY

Every now and then, the market throws a straight opportunity at us. It is up to us to read these and take action.

The PA provided by USDJPY for the last few days, gave us an excellent opportunity for a LONG entry in the direction of the weekly move.

After price made a consolidation on Friday and again yesterday, late on the day (Monday), PA provided a higher high. Then, today, price went to have a look at the earlier lows, this time around, it made a higher low, which provided an entry with very tight stop loss.

Have a look at the chart.

A perfect entry towards the direction of the weekly move was provided today.