Part of a yen basket of shorts against EUR, USD, GPB, etc push-fail above prev highs and looking for short term reversal play.
3rd time back to this level but there was still some demand below, thrust through to clear stops and we try to ride the backlash back up.
Scalp off the bottom with another entry just below at lows - take profits off at around 15-20 pips and leave a bit on if it goes, otherwise close all and let lower entry catch it. Targets are if we get a runner or it holds at entry levels. ECB done, 2nd entry in and left to meander up after london close and NY holidays.
UJ at big support, EJ at big support scalp into possible move back up to highs
Watching at the break around 3 for any bid feel. update: found some bids below and came back into channel, retested bottom line and moved up away from it (and retest of the top of range)
Just some scribbles on lines of force, etc (hmm, Hmm, it lost the fork with warning line in the magenta circle, oh well)
We tested this area before but there seems to be some demand left after we left the zone in a hurry the last time down here (Stopped out at BE but considered a loss as it did not make at least risk)
Sniff below 1.30 handle and looking for any available demand there around the previous daily resistance turned support
We got a strong push down yesterday that was reversed quite hard and so we know there is some demand there. Simple targets of big down bar origin coupled with a median line to give us an indication of time/price interplay at those levels.