USDJPY trade 03.08.09

Here is USDJPY trade i took yesterday.

The price was falling the day before and made a low, then in Tokyo session this morning it touched Sonic channells and retraced from them forming High and Higher Low. After that PA broke the high, made a pullback to Sonic channel and there was our entry point. I entered on the end of first bar which bounced off Sonic channel at about 94.95.

Also, notice that if we used the 89 EMA and the same analysis the entry would've been later than the one we took using the Sonic channel. The entry using Sonic channel was clearer here.

First picture represents the actual entry and the second picture represents the entry with the same rules but using 89 EMA.

Pic.1 Trade using SonicR channels

Pic.2 Possible trade using 89 EMA