I am looking to short USDJPY right now at current market price of 140.326 take profits are set at 137.361 stop loss can be set at 25 pips from entry. I will continue to make updates and comments about this trade.
Potential short setup on the USDJPY. A potential short trade opportunity could arise if the ongoing local rally loses momentum, causing a break of the rising broadening channel. In this scenario, it will be crucial to observe whether the pair convincingly breaks below the Point of Control (POC) level, as this could confirm the validity of the short setup. On the...
137.97 This is where I will be setting my Buy Limit. If you zoom out and look at previous data, it was once a rejection point and then a level of sensitivity. So this Level once reached will be we have a buy limit ready and after the rejection we will place more buys to upside. Should it not reject and break right through our level of significance then SL will...
A Couple setups being presented, already in using 618 limit setup and now entering based on seller depletion. Lets see if we can get 4Rs hopping in the trend
COOL STUFF The skill stays getting sharpened. We were inline with the market and the direction with the ghost pattern. Now we reset and put in our channels to watch just how we are going to face this week. With the month end approaching UJ has a sensitivity to Fundamentals, especially those with many orders placed by other traders. If we do get a trade this week,...
Setup identified with a potential change in sentiment. Lets see if we can pull off 4R with this BO setup with momentum based entry
This is the simplest way I can explain this because the way I try to put down my ideas is not easily understood. The Ghost Patterns are what I would require in order to take a sell. Not going to risk it but going to use experience and proper planning in order to successfully trade. No guessing, the blue levels are the significant levels which are sensitive to movement.
This is the first wave of our upside. Rejected and bounced back up, therefore showing 142.00 is our support and as such we expected the bullish move. Now we wait for break of structure and retest of the break and continuation before entering. With clear and direct rules, we mess with money and miss what the market says according to our plans.
Here is a short setup on UJ. There should be at the very least some sort of retracement to hit the targets, if not all of them. There is a safe entry and refined entry, depending if you want to wait for lower timeframe confirmations. #NFA Happy Trading! R2F
Asia has presented a break out break back in setup with momentum shift to the downside, lets see if the market wants to give out 2-4R tonight
B&R setup and momentum entry spotted in UJ early Asia session, let’s see if market can give 2-5R on this one
I know I am not the only person seeing this now - break of larger trend - retest of the channel - lots of slowing down candles (consolidation) ∴ we can expect an impulsive candle coming. Which will either be bullish or bearish. - chances are that it will be bullish due to the average direction and momentum the market has been moving all this time. - I will set a...
We have been fighting the bears and only been bullish for quite a bit. Now we are just going to wait for the pullback/retrace which will tell us we should start preparing for the impulse. My current possible risk is inline with my plan, follows my mindset and it comes to me I don't have to go to it.
Resistance broke at 140.880, Im watching news also as we have had recent strength in the Dollar, this could push UJ to break the next resistance zone around 141.4. Patience waiting for the right entry.
Sometimes JPY just keeps getting weaker, bulls are enjoying a long way and more to go. We are looking for a buy in the demand zone where lies the imbalance to be filled. looking forward for 5R trade on this.
Made some bad decisions and my eyes are clearly fogged up, that's okay I'll sharpen the edge and make it stronger. Apologies for not being 100%
Quite risky but I'm going to watch it and learn whatever the market wants to teach me