USDJPY_Daily/4hr_ Daily Sell Signal_ Conservative Entry.
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Today I'm watching USDJPY with watchful eyes. The daily chart is setting up a strong sell signal, assuming we don't move much from this point.
I am taking my conservative entry though. I expect USD to push up a little more, giving me the best entry possible.
Keep in mind current risk on/off definition is XXX/USD pairs UP as USD falls.... USD/XXX pairs down as USD falls.
We assume USD will continue its downward decline due to a obvious series of lower highs and lower lows.
Setup bar currently has a high of 110.671 and a low of 109.917. This gives up a .757 pip difference. Meaning our entry should only be .757/2=.378 from the stop. Since this is a conservative entry, we can do all kinds of cool things with the targets to increase our profitability. For me I will close 3/4 the position at T1 and immediately trail 1/4. I'm slightly cautious about the USD down here.
Entry 110.302
Stop 110.680
T1 109.545
T2 108.788
Good luck!!
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Make others feel good! Life is too short. Like/comment/follow frequently!
Today I'm watching USDJPY with watchful eyes. The daily chart is setting up a strong sell signal, assuming we don't move much from this point.
I am taking my conservative entry though. I expect USD to push up a little more, giving me the best entry possible.
Keep in mind current risk on/off definition is XXX/USD pairs UP as USD falls.... USD/XXX pairs down as USD falls.
We assume USD will continue its downward decline due to a obvious series of lower highs and lower lows.
Setup bar currently has a high of 110.671 and a low of 109.917. This gives up a .757 pip difference. Meaning our entry should only be .757/2=.378 from the stop. Since this is a conservative entry, we can do all kinds of cool things with the targets to increase our profitability. For me I will close 3/4 the position at T1 and immediately trail 1/4. I'm slightly cautious about the USD down here.
Entry 110.302
Stop 110.680
T1 109.545
T2 108.788
Good luck!!
LIKE/FOLLOW/COMMENT. Lets make Trading View the place to be! To hell with FB, snap, insta, twit, telegram ect.......
Comment:
Pre trade. Hoping CAD does not break the lowes before 6pm.
Comment:
I'm sorry I wish the chart showed the orders.
Comment:
Comment:
Waiting on Entry. Hopefully DXY pulls back between now and Friday evening. I'm letting the market come to me vs chasing it into the Thursday close (I never).
Comment:
Note: USDJPY pushed down before the close with a low of 109.882 and extending the pip range. That being said, the bar is also a little bigger than I would have liked. Gonna leave the trade on anyways. Stop is still the same which is the most important since that is probably going to be the order that fills lol.
Waiting on the DXY pullback.
Waiting on the DXY pullback.
Order cancelled:
Orders canceled. Price went without us unfortunately. Careful eye on the 4 hour chart would have provided the best possible entry.