Forex For Beginners - Trapped Traders Daily Analysis - Buying USDJPY

Get Mark Chapmans Free Trapped Traders Calls - Click here: The trap were 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 wouldve 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 wouldve believed that this was going to follow through. But as you can see it spiked the low and now its 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. Disclaimer: This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. Forex Traders Daily including its analysts shall not be responsible for any loss that you incur either directly or indirectly arising from any investment based on any information in this video. Please remember derivatives and FX spot carries significant risks and may not be suitable for all investors. Losses can exceed your deposits.,