Hi! Welcome to my page! If you're new here, my analysis is primarily based on 'Smart Money' concepts. I search for where the liquidity is, where imbalances/gaps in price are and institutional candle sticks.
Long idea for USDJPY. Price reacted away from an area of imbalance last week between 106.6 and 106.7. Looking for price to retest the last Sell-to-Buy candle stick at 106.75 for an entry. SL below previous lows. TPs at equal highs to sweep liquidity.
If you intend to take this idea, remember correct risk management. 1-3% risk per trade. Let me know if you do choose to take this idea forward and feel free to comment below. Harry
@harrygrsmith, No, I removed my BUY order, didn't think it was going to come down. Need to trust my own analysis a bit more haha. Hope you managed to it :)
harrygrsmith
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@jerrin98, oh nooo! Yeah I got it, was a good trade. I didn't get the best entry but still managed to twin trade it for a combined 70 pips.