Can we short USDJPY? Wyckoff analysis indepth, RR 12:1
This post is analyzed according to the Wyckoff method and find the entry point according to the Quasimodo . structure
USDJPY is most likely distributing at the 4h frame.
There is a Quasimodo (QML abbreviated) structure after the price returns to the Trade Range.
Wait to sell at LPSY when there is confirmation structure on small time frame ( LTF ).
Reward - Risk Ratio, 12:1
The QML is the area from the left shoulder to the top of the Quasimodo setup.
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ATTENTION:
We are not trying to predict price, but just react to price action with specific trading plans.
This is my personal idea and analysis, please just take it as an example.
You need judgment and a trading plan to manage your risks when trading Forex.
USDJPY is most likely distributing at the 4h frame.
There is a Quasimodo (QML abbreviated) structure after the price returns to the Trade Range.
Wait to sell at LPSY when there is confirmation structure on small time frame ( LTF ).
Reward - Risk Ratio, 12:1
The QML is the area from the left shoulder to the top of the Quasimodo setup.
------------------------------------------
ATTENTION:
We are not trying to predict price, but just react to price action with specific trading plans.
This is my personal idea and analysis, please just take it as an example.
You need judgment and a trading plan to manage your risks when trading Forex.
Order cancelled:
price break entry zone with a strong mazubozu candle