USDJPY Short forecast 20/12/2019 - High probability setup
ToS Daily/ weekly 3rd touch areas
(Lime green) (1.i) Highest probability area high probability setup - Daily DT Near TOS
(Lime green) (1.ii) High probability area high probability setup- Daily 3rd touch ToS
(Light green) (2) High probability but slightly more valid setup - weekly 3rd touch
(Blue) (3) High probability area valid setup - 1st correction entry off the minor 3rd touch 1h/4h pattern
For trades (1.i), (1.ii) and (2) i will be looking for a LTF reversal entry off the HTF inflection points then ill look to take the 1st correction after the rejection as the 2nd entry opportunity.
For trade (3) i will look to take this as a 1st correction after the rejection and impulse away from the minor 3rd touch 1h pattern. This trade is lower probability so i may leave it if it is not clean.
(Lime green) (1.i) Highest probability area high probability setup - Daily DT Near TOS
(Lime green) (1.ii) High probability area high probability setup- Daily 3rd touch ToS
(Light green) (2) High probability but slightly more valid setup - weekly 3rd touch
(Blue) (3) High probability area valid setup - 1st correction entry off the minor 3rd touch 1h/4h pattern
For trades (1.i), (1.ii) and (2) i will be looking for a LTF reversal entry off the HTF inflection points then ill look to take the 1st correction after the rejection as the 2nd entry opportunity.
For trade (3) i will look to take this as a 1st correction after the rejection and impulse away from the minor 3rd touch 1h pattern. This trade is lower probability so i may leave it if it is not clean.