USDJPY is trading between a tight range on the Daily. I have it lined out here on the 1hr.
Price is currently trading towards the highs of the range. I will be looking for an aggressive entry @ the high of the range. (Waiting for current bar to close) I will be looking for the High of the C point to NOT be broken. If this level hold T1 will be at the bottom of the range. I will hold 2nd half of position for a test of the 111.00 level as its the next structure level on the daily. There is also the possability of and AB=CB completion a little lower that could offer another trading oppertunity for a stop N reverse trade set up.
Price is currently trading towards the highs of the range. I will be looking for an aggressive entry @ the high of the range. (Waiting for current bar to close) I will be looking for the High of the C point to NOT be broken. If this level hold T1 will be at the bottom of the range. I will hold 2nd half of position for a test of the 111.00 level as its the next structure level on the daily. There is also the possability of and AB=CB completion a little lower that could offer another trading oppertunity for a stop N reverse trade set up.
Comment:
Trade Active SHort @ 112.35
Comment:
Stopped out for a small loss next up is bear bat
