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USDJPY | Perspective for the new week | follow-up details

After taking advantage of a huge bearish momentum that gave us over 250pips move last week; what is my plan against the new week?

See the link here (last week's follow-up detail) for reference purposes here 👉🏽👉🏽

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Trade active

We might not be waiting that long for the bearish momentum projected. Since the beginning of the week, the price appears to have rejected the 133.600 level and has since been oscillating right below this level. Let's see if we are going to have a second breakdown of the 133.350 the second time to be thinking of selling.

Good Morning

Trade active

Triggered

Trade active

Since the beginning of the NY session, the price has continued to reject the 132.550 level hence it's appropriate to lock in some profit or move stop loss to break even at this moment to avoid losing the profit made so far.

Trade active

I was taking out of my position with close to 50pips and now price is back into our entry zone which is at our level at 133.350. Now, let's wait and see how price will relate with this zone on the lower time frame to either join the downtrend or wait for a future structure.

Good night

Note

selling window identified in a lower time frame (15mins) with the 61.8 and 78.6% retracement of the previous impulse. Let's watch of structure that supports a trend continuation downwards.

Note

Lets wait and see

Trade closed manually

I got stopped at break-even as the price broke out of neckline to the upside to negate the bearish momentum at this juncture in the market.

Good morning

Trade active

I am looking for a reversal pattern now as the price is within my selling window. Let's see what happens.

Good afternoon friends

Note

I am still patient on this one. Since we are still within the sell window at the moment, the appearance of a reversal setup here is still likely to send the price to the downside - However, if we witness a breakout/retest of the bearish trendline (red line) then I will be switching to a bullish expectation.

Good morning

Trade active

I am beginning to see selling traction as price tests 135.500. Will this turn out to be a double-top structure?

Good morning

Trade closed: stop reached

darcsherry

Trade smart. Trade consciously

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