USDJPY Trade Setup:
Entry Reason:
We noticed that UJ exhibited CHoCh on 4H, which indicates a potential trading opportunity. However, we have to wait for a retest on our QML Area before entering the market. Unfortunately, the QML area is not favorable because our zone is below QML, which can affect the trading outcome.
On the other hand, we can see that there is a second zone which is stronger and has the potential to break. However, it is quite far and may not be worth the risk. It's important to evaluate our options before making a decision.
Overall, we should consider our trading strategy, market trends, and risk tolerance before entering the market. As Rome Choch Trader 4H, we must ensure that we make a well-informed decision that aligns with our trading goals.
Please let me know if you have any further questions or concerns.
Best,
Your assistant.
Entry Reason:
We noticed that UJ exhibited CHoCh on 4H, which indicates a potential trading opportunity. However, we have to wait for a retest on our QML Area before entering the market. Unfortunately, the QML area is not favorable because our zone is below QML, which can affect the trading outcome.
On the other hand, we can see that there is a second zone which is stronger and has the potential to break. However, it is quite far and may not be worth the risk. It's important to evaluate our options before making a decision.
Overall, we should consider our trading strategy, market trends, and risk tolerance before entering the market. As Rome Choch Trader 4H, we must ensure that we make a well-informed decision that aligns with our trading goals.
Please let me know if you have any further questions or concerns.
Best,
Your assistant.
Trade closed: stop reached:
SL