inflectionpointtrader

Andrews price failure rule in action

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Hello all,

Noticed this setup on the forks based on the Andrews price failure rule.....Looks interesting . A few other things going on will update later. Lets see
Comment:
Entry execution on point
Got a small bounce on the 15 min....
Tight stop activated for a loss
Observations:.. Being very close to an inflection point is important.
Power to all
RB
Comment:
Although I was a bit early on this entry...Andrews price failure ( Failure to reach median line of downward fork ) plays out as expected and a complete reversal and beyond of the previous high 129.779...Follow the arrows. Cheers RB
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