USDJPY at least there is a pretty consistent up and down right now. If you catch it just right ride it to the current bottom and slap a stop loss behind it. Wait for retracement confirmation and ride it back up. It takes a little practice but very doable.
I am projecting a move towards 145.856 as a 'mini swing' TP target... No brakes.
I'd love to see a candle closure below 146.627, and then wait for retracement... and then target lower.
Follow the wave. F it, if on the 'obvious' eye it is bearish, whatever, stick to it.
H4 gap being invalidated due to 0 break of structure. (a close above the recent 'swing' wick). H1 gap being invalidated also due to 0 break of structure.
What do we do in this position? I don't know. Stack probabilities, and then go for the shot... Fundamentals weak? Feds planning to cut rates? Thats the 'route' and we shall stick with it.
Will continue lower. No retracement unless there is a H1 candle closure below wicks. (146.627)
USDJPY 1m 5m / 4h Delta Volume is favoring a sell, but I believe that as much as I believe my cousin will return that $30 I let him borrow 10 years ago.
Market Doesn’t Care About Sex Scandals — But It HATES Uncertainty
If traders even sense that: • Trump might be shifting attention away from something dangerous or damning… • Or that foreign relations are being used as cover for a domestic scandal…
Then you get exactly what’s on your chart: • A violent drop in USD/JPY • Momentum rejection off a fib + ichimoku confluence • Starblazer curling down (wave collapsing) • Traders saying, “Nope. Too risky. GTFO.”