USDJPY.... APPROACHING STRONG SUPPLY... GET READY!!!
Hello traders,
I guess you are gearing up for the market to open.... anyways, click agree if you like my trade ideas.
For this trading week, I am watching USDJPY for a short opportunity. As you can see on my chart, I have marked my supply order block in which once price enters the marked region, I will go on lower timeframes to look for an entry. You will also notice that I have marked on my chart, the potential turning point for price. This turning points are where true liquidity lays its head.
As for me, I am expecting price to sweep the first liquidity as marked on my chart but as for the second, I am not sure but I will set my take profit at the second liquidity pool and take partials after price triggers the first liquidity pool. Then move my entry to breakeven and monitor price to see if it completes the move.
What do you think about this trade idea?
If you think its nice watch out. I will be posting a trade idea on EURGBP in some hours. I just want to see its behaviour before posting it. So you can follow my channel to see it once I post.
Bye for now.
David
I guess you are gearing up for the market to open.... anyways, click agree if you like my trade ideas.
For this trading week, I am watching USDJPY for a short opportunity. As you can see on my chart, I have marked my supply order block in which once price enters the marked region, I will go on lower timeframes to look for an entry. You will also notice that I have marked on my chart, the potential turning point for price. This turning points are where true liquidity lays its head.
As for me, I am expecting price to sweep the first liquidity as marked on my chart but as for the second, I am not sure but I will set my take profit at the second liquidity pool and take partials after price triggers the first liquidity pool. Then move my entry to breakeven and monitor price to see if it completes the move.
What do you think about this trade idea?
If you think its nice watch out. I will be posting a trade idea on EURGBP in some hours. I just want to see its behaviour before posting it. So you can follow my channel to see it once I post.
Bye for now.
David
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.