IvanLabrie
Short

Bears buffet: multiple signal confluence

FX:USDJPY   U.S. Dollar / Japanese Yen
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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.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Crypto, Equities and Commodities. Contact me here or @ http://www.fb.me/LabrieTrading
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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