USD/JPYOANDA:USDJPY
- Very interesting here when we zoom out on the 4H
- If we anticipate price action to continue upwards, we have price at the 4H BreakerBlock, which is right above the 50% fib.
- Then drilling down to the 15m, we're looking for a structural break to the upside for an entry
- If price continues to head down, this will invalidate the 15m entry long
- I then need to look around the 4H 50-79% fib levels for another shot at going long, as this level does not break the recent HL on the 4H.
Luxalgo
USD/JPY - Incredible Moves to close out the weekOANDA:USDJPY
Thursday we saw a nice oscillator Matrix set-up to the down side.
Then on Friday, the market makers decided to go for recent highs with 2 scalp entries.
Incredible oscillator triggers kept us on the right side of the action....
Enjoy the rest of your weekend...