USDJPY
If price reached 146.700, then the whole short setup is invalid.
One potential setup is entry from 145.248 to 145.599 and SL at 145.700
One can enter above premium zone (145.721 above) and place SL on invalidation zone (146.700)
TP at first fibo extension 1.618 target: 143.767
Reason for entry:
* QM Sell Setup
* 4h DBD (potential place for shorts)
If setup fail, entry at premium zone and ultimate SL at 146.700
If price reached 146.700, then the whole short setup is invalid.
One potential setup is entry from 145.248 to 145.599 and SL at 145.700
One can enter above premium zone (145.721 above) and place SL on invalidation zone (146.700)
TP at first fibo extension 1.618 target: 143.767
Reason for entry:
* QM Sell Setup
* 4h DBD (potential place for shorts)
If setup fail, entry at premium zone and ultimate SL at 146.700
Comment:
My first entry was SL hit!
Waiting for next entry.
Waiting for next entry.
Comment:
Setup that I laid out last week is invalid. Or too risky.
1. Price didn't react on previously marked drop base drop
2. CSM Sell invalidated by CSAK buy
3. Price broke our QM Sell signal
No reason to go short for now. It's too risky.
Minds: www.tradingview.com/chart/?mind=pNgT8...
1. Price didn't react on previously marked drop base drop
2. CSM Sell invalidated by CSAK buy
3. Price broke our QM Sell signal
No reason to go short for now. It's too risky.
Minds: www.tradingview.com/chart/?mind=pNgT8...
Always manage your risk!