USDJPY More Downside Below 105.80
The Momentum to the downside that happened last week is still in play on the 4HRS. The price has discounted nicely and this becomes a low-risk trade.
We will be wrong above 105.80 and a break below 106.60 is the confirmation of downtrend.
PROBABILISTIC PRINCIPLE | SERIES OF TRADES BELIEF SYSTEM
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1.There is no relationship btw this trade and the last one.
2. I completely accept the amount necessary to find out whether this trade will work or not.
3.The outcome of each individual Edge has no relationship with the past outcome or future ones.
4. The diversity of Buyers and Sellers who are in the market can cause my edge to work or not depending on the imbalance.
5.The risk of my Edge not working ALWAYS exist, so I predetermine my Stop Loss .
6. Each prediction from my analysis is always a guess because anything can happen.
We will be wrong above 105.80 and a break below 106.60 is the confirmation of downtrend.
PROBABILISTIC PRINCIPLE | SERIES OF TRADES BELIEF SYSTEM
--------------------------------------------
1.There is no relationship btw this trade and the last one.
2. I completely accept the amount necessary to find out whether this trade will work or not.
3.The outcome of each individual Edge has no relationship with the past outcome or future ones.
4. The diversity of Buyers and Sellers who are in the market can cause my edge to work or not depending on the imbalance.
5.The risk of my Edge not working ALWAYS exist, so I predetermine my Stop Loss .
6. Each prediction from my analysis is always a guess because anything can happen.
Comment:
Comment:
Discounting mechanism.