Date: Backtest 1/13/22
+4.28%
USDJPY
Short
Continuation
HTF:
Price entering weekly zone and bounced slightly into daily demand. Current weekly candle with a long tail shows buying going on, don't expect demand to be broken yet. Clue to look for longs at demand.
MTF:
Long pole down coming off weekly supply, demand below, wait for retrace and LTF PA to go short and head for that demand.
LTF:
Engulf of LTF demand with space below, will try to find entry around cap.
Entry:
Nice 4R with a strong move through the last demand, target was demand below.
Continuation
+4.28%
USDJPY
Short
Continuation
HTF:
Price entering weekly zone and bounced slightly into daily demand. Current weekly candle with a long tail shows buying going on, don't expect demand to be broken yet. Clue to look for longs at demand.
MTF:
Long pole down coming off weekly supply, demand below, wait for retrace and LTF PA to go short and head for that demand.
LTF:
Engulf of LTF demand with space below, will try to find entry around cap.
Entry:
Nice 4R with a strong move through the last demand, target was demand below.
Continuation