I'm looking for this potential short on $USDJPY as price nears my level of interest. It is in confluence with an Exhaustion zone and a H4 resistance. I'm looking for the counter trend to continue all the way to a 100% retrace.
With the rising dollar and EU's bearish momentum, I'm looking for a move to $1.0727 this week, or possibly further, as this is a area of potential support that was created last April. Maybe we might see it tapping that level on the same day it was created as well. On the 24th of April.
I can see UJ going to clear the highs of $121.1 if it successful holds above the $122.35 support.
Price has formed this triangle pattern on the 15M. I'm waiting for a break and retest to the up side, for a long position as my bias has remained bullish.
Took this buy even though it might be risky. Confluences 1. Moving Averages Cross 2. Rejection off support zone 3. In line with daily bias 4. Shift of momentum on entry time frame.
Based off the bullish day UJ had yesterday I am looking for buys today. Both these levels stands out to me at $121.86 and $121.74. Based on the price action in one of those areas, I will be taking a buy.
I'm looking for some sort of break of structure on the 5m time frame to enter a short position here at the high of the week.
Even though the majority of the pressure in the market is bearish. Based on the previous daily candle sticks, I see a lot of bulls entering the market. A possible break above $1.8951 is where I will be looking to take longs to $1.9044
For the coming week, if price is to break $114.85, I'm looking for a drop all the way to $114.32 for touch of the daily trend line. From $114.32 my bias will then change to buys as long of the price action supports it.
Price wicked down and created the low of the week. It also created the bottom wick for the week. I'm looking for price to go higher now. Break structure and head to my Q1 target.
The weekly low is still their without a bottom wick. I'm looking for UJ to take out the weekly low either today or tomorrow, creating that bottom wick.
UJ went up and filled an imbalnce today and ended the day with a huge wick to the up side. With all the bullish exhaustion in the market, I'm looking for price to potentially come down to fill the imbalance created on Monday.
I'm trying this short for the third and final time. Price made 2 areas of interest for me. I'm looking for the market to go down and tap these two areas. $114.47 and $114.12.
Just took this short position based on the analysis I previously publshed. Nice 1:3 RR.
This how I back test. I use the session indicator and edit the period to match my trading times. Then I go day by day looking for every possible setup.
I'm looking for a retrace. Price is nearing a resistance level as well as the momentum of the market is slowing down. There is also little to no bottom wick for the start of the week so I'm anticipating price to go down to create one. Once price breaks above $114. 84. I'm looking for buys for the short and long term.
REASONS WHY I LOST THIS TRADE. 1. Market was in an uptrend 2. Didn't wait for retest on the appropriate time frame. 3.Stop loss wasn't placed conservatively.
USD/JPY London session short position. Taking this trade because it's in the London Session. I'm anticipating the market to move slow during the New York session because their is a bank holiday in the US today.