fxidgroup
Short

USDJPY high probability setup

FX:USDJPY   U.S. Dollar/Japanese Yen
126 4 5
3 months ago
Scenario #1
After yesterday strong bearish engulfing , that engulfed 2 daily candle before.
Today, the market try to retrace and might be testing the key resistance.
if bounce or cannot break the resistance or daily candle closed below this level,
we go short with target to the key support.

Scenario #2
If the daily candle break the resistance...
we will wait and see for a
retrace, confirmation, continuation and possible long.



3 months ago
Trade active: scenario #1 is ON.
yesterday daily candle close below the resistance.
but today, the price is trying so hard to break the key level resistance,
3 months ago
Comment: today, the price try to break the 104 level..
but fail.
so, scenario #1 is still ON!
3 months ago
Comment: its happening :) hooray
3 months ago
Comment: Yesterday, my trade was activated with scenario #1
Lets see where its going
3 months ago
Comment: ups..
3 months ago
Comment: bear and bull still fighting on the key level resistance...
3 months ago
Comment: yesterday, bear win the fight..
price break again the key resistance...
3 months ago
Comment: consolidating on the key resistance...
3 months ago
Comment: many traders was trap to go long...
today.. bear might win the day..
3 months ago
Comment: another consolidation
2 months ago
Trade closed: stop reached
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roni511
3 months ago
Good analysis! I'll likely look for a long entry if it can consolidate above 104.00.
Reply
fxidgroup roni511
3 months ago
yup, there's a possibility..
if that happen, my SL got hit :)

But if not break the 104, my short still valid.

thanks for comment bro...
Reply
fxidgroup fxidgroup
3 months ago
by the way, I always waiting for daily candle close before any confirmation..
Reply
fxidgroup roni511
3 months ago
Yesterday, price was trying to break 104 but failed...
Reply
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