Just going over the charts as I usually do each weekend and noticed a nice little pattern on USDJPY that I had marked up during the week but was unable to trade due to absence away from the charts. Notice how stops were raided and price rallied back up quickly forming a pin-bar before shooting up. Please ignore the red line – it’s not a trendline – it’s simply a line I added to mark out how I expected price to react after I noticed the pin-bar and the next candle along starting to form.

Would have been quite an easy 3R trade! Yes – I know it all looks easy in hindsight but the trick is to spot these things as they’re developing while the markets are moving. The more familiar you can become with these setups, the easier you’ll be able to recognize them, take these type of trades and hopefully, make a profit in the long run.