is this the final push before we switch over to a down trend?
get your lost size out it's time to trade!!!
risky buy here but usdjpy has potential to close green for the week
could be the last push to 135-136 region before we enter a down trend
the 2 weeks is say sell so we should keep that in mind and risk appropriately
entries :
set pending buy at 133
when price goes below 133 we can look for more buying opportunities
stop loss is 132.5 or less
if selling pressure increases after it breaks 133 or it is reacting negatively to payroll news
> we can either reconsider or commit to the trade
tips:
risk appropriately based on the amount of confidence or confluence you have on your trade
never over trade or over risk, the market is full of opportunities.
risky buy here but usdjpy has potential to close green for the week
could be the last push to 135-136 region before we enter a down trend
the 2 weeks is say sell so we should keep that in mind and risk appropriately
entries :
set pending buy at 133
when price goes below 133 we can look for more buying opportunities
stop loss is 132.5 or less
if selling pressure increases after it breaks 133 or it is reacting negatively to payroll news
> we can either reconsider or commit to the trade
tips:
risk appropriately based on the amount of confidence or confluence you have on your trade
never over trade or over risk, the market is full of opportunities.
Comment:
ok we are in business we can set profit target @ 136/.5 and collect a 350pip movement. let's not play greedy!
Trade closed manually:
Closed out @ 134.8