Pairs on Watch -
EURJPY : Price is now sat around an area of value where we could see that turnaround for the longs. We are playing the idea of an expanding almost into that area and price is moving in a really nice sequence to the upside. If we get a reaction and strong turnaround from here on the 1H I will happily look for lower timeframe structures to start forming for the buys.
CADJPY : Price is reaching up to a main HTF value area where price previously left a small gap, the chances are now price is going to fill that area. We may get the opportunity to look for the long into the short if we get a developed structure and time a risk entry for a 3:1 into the highs before price turns around.
USDJPY : I am open to the long and short on this pair similar to CADJPY. Price is nearing a value area for shorts, however I will take the message from the market if it starts to build more of a bullish structure and look for a risk entry long just like CADJPY. We can let the market give us the message and act accordingly.
EURJPY : Price is now sat around an area of value where we could see that turnaround for the longs. We are playing the idea of an expanding almost into that area and price is moving in a really nice sequence to the upside. If we get a reaction and strong turnaround from here on the 1H I will happily look for lower timeframe structures to start forming for the buys. CADJPY : Price is reaching up to a main HTF value area where price previously left a small gap, the chances are now price is going to fill that area. We may get the opportunity to look for the long into the short if we get a developed structure and time a risk entry for a 3:1 into the highs before price turns around. USDJPY : I am open to the long and short on this pair similar to CADJPY. Price is nearing a value area for shorts, however I will take the message from the market if it starts to build more of a bullish structure and look for a risk entry long just like CADJPY. We can let the market give us the message and act accordingly. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.