IvanLabrie
Short

Bears buffet: multiple signal confluence

FX:USDJPY   U.S. Dollar / Japanese Yen
196 5 10
USDJPY             shows multiple signs of weakness, as per varied disciplines...there's even a bearish Gartley completion hidden underneath, as well as fibonacci clusters over the current trading range.

I'll look for a decent entry as soon as NY market opens in 30 minutes.

See you at 107.094 or even 105.945.
Stop and reverse here would have been nice :p
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Why did you wait for the NY market to open to execute your trade?
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IvanLabrie TomProTrader
Cause the big movers operate there...it's a good idea to take the trade watching 1h and 5m charts and what volume shows.
You can pretty much do intraday like that, but I'm going for a longer term decline with this one.
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TomProTrader IvanLabrie
Understood. Ignore my lack of common sense on that one. Haha
+1 Reply
IvanLabrie TomProTrader
:p Well, I like taking trades like that, but it can be pretty nerve wrecking. I've been taking more planned entries lately, in 4h and 1d and it's way less stressful. :) have a good one!
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