Price is trading below the T-Line and a short divergence is about to form closing in to the supply zone.
Expecting the T-Line to hold price for further downward momentum, with a SL just a few pips above the supply zone.
Looking to stay in the trade for as long as price is trading below the T-Line and/or there is no significant change in order flow.
The same or very similar setup can currently be seen on CAD/JPY + AUD/JPY + CHF/JPY + GBP/JPY + USD/JPY.
The complete order flow analysis for February 11th with the scale ranging from -7 to +7.
#AUD -5
#CAD -5
#CHF -3
#EUR +3
#GBP -3
#NZD +1
#USD -4
#JPY +6
Expecting the T-Line to hold price for further downward momentum, with a SL just a few pips above the supply zone.
Looking to stay in the trade for as long as price is trading below the T-Line and/or there is no significant change in order flow.
The same or very similar setup can currently be seen on CAD/JPY + AUD/JPY + CHF/JPY + GBP/JPY + USD/JPY.
The complete order flow analysis for February 11th with the scale ranging from -7 to +7.
#AUD -5
#CAD -5
#CHF -3
#EUR +3
#GBP -3
#NZD +1
#USD -4
#JPY +6
Comment:
Caution
Trade closed manually:
Taking profits as Daily chart indicates reversal.