Perfect Doji Setup on USDJPY 30min

IT Members -

We discussed the DOJI trade setup last week, and wanted to pass on a perfect Doji setup on the USDJPY 30min chart to help show once more what this low risk, high reward setup looks like in real life.  Remember, a doji forms when the open and closing price ends at, or near, the same exact spot on a bar, and signals a trend reversal.

[chart|nid=2115]

Notice the price tried to go lower after the 2 bar down move, but rebounded, closing right in the middle where the bar started.  This alerted us to a trend reversal and a buy signal, which showed to be a great decision!