I went short based on what I see. Volume (that is a FUEL) is bearish both on OBV and AD. Price (that is a CAR) closed below and retested weekly pivot and now its below daily pivot, that is it! Price might stumble at yearly middle pivot support 2 (yearly MS2) at 18.659. That is where I put my TP1 (49 pips, safe target), which is 16 pips above daily pivot support S1 (what I marked green), which would be TP2. TP3 will be blue weekly S1. Tight stop above weekly pivot. No major news in the night as for eurjpy. We are set to go.
Trade closed: target reached:
I am banging 33 pips for today with this thing...you dont have to stay in trade for long time. If risk reward had been covered a few times, you can close. Plenty of trade opportunities everyday. 30 pairs.
Trade closed: target reached:
We NAILED IT:))