NICE AND SIMPLE. IF A FAKEOUT OCCURS, I WILL RE ENTER AS A BUY IN ANTICIPATION THAT PRICE WILL MOVE UP TO TEST TOP OF RANGE.
UJ IS RANGING BETWEEN MULTIPLE LEVELS. AS A RESULT, I DO NOT HAVE A PARTICULAR BIAS. HOWEVER, THE ONLY TRADE I WILL BE LOOKING FOR IS A BUY UPON BREAK OF RESISTANCE IN ORDER TO CONFORM TO MONTHLY SUPPORT THAT HAS HELD FOR 4 MONTHS PRIOR.
TOOK SELL ON EUR/JPY AS I BELIEVED PRICE WOULD BREAK BELOW SUPPORT. THE REASON THE TRADE WAS UNNECESSARY WAS BECAUSE THERE WERE MANY ROADBLOCKS THAT PRICE HAD TO GET PAST TO MEET MY TP. AS WELL AS THIS, MY ENTRY WAS PREMATURE. IN HEINSEIGHT THIS WAS AN EXTREMELY HOPEFUL TRADE TAKEN OUT OF BOREDOM.
SECURE 10 pips profit and let run . Move stop to break even
WEEKLY AND DAILY TIMEFRAME SUGGEST PRICE WILL MOVE BULLISH. THIS IS A LOWER TIMEFRAME ENTRY FOR HIGHER TIMEFRAME BIAS ENTRY TAKEN UPON CLOSE OF 30 MIN ABOVE RESISTANCE.
UJ HAS HUGE POTENTIAL FOR DOWNSIDE ON HIGHER TIMEFRAMES. ENTRY UPON WICKFILL AND PASS OF .400 AS ITS A VERY SIGNIFICANT LEVEL THAT PRICE MOVES AT.
HOWEVER I CLOSED TRADE INSTANTLY DUE TO REALISING A MINOR S/R TO THE LEFT. THE REASONING FOR THIS WAS SIMPLY THAT IT'S MONDAY AND DIDN'T BELIEVE IT WAS WORTH THE RISK. O WELL, IDEA WAS RIGHT, EXECUTION WAS NOT.
UPON BREAK OF SUPPORT, I WILL WAIT FOR 30 MIN TO CLOSE BEARISH BEFORE SHORTING. I'M NOT INTERESTED IN BUYS BECAUSE OF THE CLEAR CONSOLIDATION/ RANGEY ZONE.
At this moment in time, I am looking for sells simply because the setups look kinda thicc. However, I will not be surprised if price moves higher to conform to monthly resistance.
PRICE ENTERED A VERY SIGNIFICANT LEVEL ON 4HR TIMEFRAME, THUS I EXPECTED PRICE TO RESPECT THE LEVEL AND RETRACE SLIGHTLY. TOOK ENTRY WHEN THE FIRST BEARISH WICK WAS BEING PRINTED.
TOOK TRADE PURELY BASED ON PRICE ACTION. SIMPLE BREAK OF STRUCTURE AND TARGETS AT NEXT SIGNIFICANT LEVEL. SEE PREVIOUS POST TO SEE WHAT I PLANNED BEFORE TRADE WAS TAKEN.