Good morning,
My idea on USD/JPY:
The price just reached the most recent sell zone from H4 and Daily perspective that could make the sell trade even more powerful.
I will enter this only as a H4 trade if I get the confrimation I need. The first target would be 105.200. Further targets depend on the reaction there
and how deep the price action goes so it can turn into a daily trade.
My idea on USD/JPY:
The price just reached the most recent sell zone from H4 and Daily perspective that could make the sell trade even more powerful.
I will enter this only as a H4 trade if I get the confrimation I need. The first target would be 105.200. Further targets depend on the reaction there
and how deep the price action goes so it can turn into a daily trade.
Comment:
This is what I will be looking for today as a confirmation.
Comment:
Still waiting. In anticipation of a strong bearish candle to return the price inside 105.60 zone. This would be a sign for an entry. Otherwise I will trade it as a daily/H4 trade.
Trade closed: target reached:
Entered with a SL at 105.93 of 15 pips.
Target - 105.00
I'm not at home and I issues posting pictures.
Target - 105.00
I'm not at home and I issues posting pictures.
Trade active
Comment:
Here's the update for the entry.
Comment:
Stops to zero. In case the first target is being reached I will take some money and I will be looking to add positions on a pullback to 105.60
Comment:
One more position is added.
Comment:
First position closed at breakeven. Second -40pips.