Lower timeframe view based on my linked 4 hour USDJPY chart
fib and higher timeframe level used to get an entry.
50% equilibrium of the prior significant swing has been holding very well
could enter now at Market with a 45 pip stop loss roughly at the 61.8% or wait for another test of the 50% and take profit at the brexit low of 98.991 roughly
Would like to break market structure and get a daily close below the 100 level. This kind of candle formation after friday's daily inverted hammer could see some bearish continuation
Finally, we had a inside day on friday (fridays price range was within thursdays) so i will be watching the inside day high and low for a break which could add further confluence. This is risky though as InsideDay plans are prone to fakeouts but it is something to watch
fib and higher timeframe level used to get an entry.
50% equilibrium of the prior significant swing has been holding very well
could enter now at Market with a 45 pip stop loss roughly at the 61.8% or wait for another test of the 50% and take profit at the brexit low of 98.991 roughly
Would like to break market structure and get a daily close below the 100 level. This kind of candle formation after friday's daily inverted hammer could see some bearish continuation
Finally, we had a inside day on friday (fridays price range was within thursdays) so i will be watching the inside day high and low for a break which could add further confluence. This is risky though as InsideDay plans are prone to fakeouts but it is something to watch
