Idea did not post, in line with JPY weakness, short term money has been grabbed and butterfly harmonic has been painted. Let's see if market follows through on what could be a big RR trade
Lets see if this structure break and retest plays out according to the potential ABCD/fib extension
With buyers continuing to hold the line, we might see the big pump we expected with our earlier setup. Big picture shows major consolidation with a lot of stop losses to take out above 84.40. Let’s see if this BO setup provides the goods
Price has come down to trigger stop losses and now has qualified for our reversal setup after failing to break a new low. Let’s see how it plays out
GJ has produced one of our favorite playbook setups! the 'Reversal' with all conditions met to enter trade on a momentum shift to the downside. Lets see if we can at least hit 2R on this one
Price has qualified for a Libra setup with entry criteria being met, USD seems to be losing strength across the board in confluence with this idea
GU has presented a Libra setup right from our playbook with entry conditions met and currency strength on our side, going for at least 2R on this one
Playbook setup: Break and Retest using aggressive Sell Stop entry after price seems to have confirmed a potential reversal in our trading timeframe
Money is trapped on either side of the range, we identify a pattern in which the probability of covering risk at 2R is likely and could be quick so it'll be tested out. The potential upside is also nice but regardless if price violates either zone, strategy should be to try to catch a retest for a trend move
With AUDJPY breaking out of range and finally showing the bullish accumulation we expected on Friday, the move could be in the works for tonights session. Price action has qualified for one of our plays so lets find out
There it is so price has pushed down towards the bigger 618 from the very bottom of the consolidation and we must add and entry here so that if price is going to follow through on the uptrend we can capitalize using a solid setup
Price has stalled at a valuable structure and qualified for our REVERSAL playbook setup on MOMENTUM Lets see if we can capitalize on a quick correction for our second London trade. Probability of success: 50%
Last call for UJ shorts going once, going twice... Playbook Setup: 618 Sell Limit Active Probability of Success: 50% Last entry for Asia session and it lines up with our bias from prior playbook setups (although we try to treat each and every opportunity independent of other ones). KEY POINTS - Maximum risk exposure met(3R) for ASIA so we will set SL and TP...
USDJPY looks to be lining up one of our favorite playbook setups (BOBBI) by faking the break up before potentially swinging lower for a short term reversal. If the odds are in our favor we should at least bag us twice our risk, and maybe not much more, as the big picture suggest presence of a bullish trend Probability of success 50%
Harmonic pattern recognized and taken as a limit sell order on USDJPY, with SL of 13 pips for a minimum 1:2 RR Probability of success: 50%
Coming in for a London session we see UJ has continued its bullish run and while its not the intention to continually find setups against the trend, we must trade what we see. ABCD/EXT sell limit using our ATR for stop loss to capitalize on what could be a quick 1:2RR corrective wave Probability of success 75%
Using half of our profit from last trade, we will go for another 2R on this last setup of London. Price has yet made another playbook setup and we must heed by our trading plan and take it. We have taken far more entries during ASIA/LONDON than we anticipated and although they were all profitable, taking these many entries is NOT what we recommend. Psychology...
After dropping more than 100 pips in such a short time, USDJPY is destined to fall to its death right?.. well, not exactly.. HIGHER TIMEFRAME ANALYSIS SUGGEST THE BREAK OF A DOWNTREND WITH PRICE FALLING SHARPLY TO THE 618 RETRACEMENT LEVEL OF THE HUGE IMPULSE MOVE MADE LAST WEEK. I KNOW, I KNOW.. BASED ON LAST SETUP, WE ARE SUPPOSED TO BE DONE FOR THE NIGHT, AND...