Strategy based on pure price action with calculated risk. No more lagging indicators. Just a trend and levels. Simple and effective.
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Expecting a move to the downside!
Head and Shoulders break and Retest, with good 4H Close now.
Expecting a movedown 1.60000 in the next 1 or 2 weeks!
Also very good risk to reward for this setup!
Lots of people suddenly wanna BUY HIGH due to FOMO, But the motto is to Buy Low and Sell High, Price had retested a Weekly OrderBlock above that caused It to reverse and drop on Sunday, and now it continues down due to liquidity, so the motto is to simply Sell High
Entry was from the 30 min OrderBlock for LTF Entry
Price action is bearish so I am looking for short opportunities. I saw previous structure so way waiting for price action to pull back there; giving me a R:R of 1:2. I placed stops 10 pips above previous structure as this will tell me my idea is wrong and a potential rotation in trend if it breaks previous structure. I placed targets to the previous structure...
USD/JPY is an overall bullish trend, which retraced until it reached a very strong support at the level of 110.170 and bounced back with confluence and its currently heading to resistance level of 115.373, place where I will place my TP. Due to the strong Buying force the dollar has gained my SL will be placed at 111.439 as I believe it will only start to apply...