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Nieoh
Jan 28, 2022 10:09 AM

1 to 35rr Short

U.S. Dollar/Japanese YenFXCM

Description

383 pip swing, I trade from HTF's such as the 8hr to 1hr I typically use the 4hr just because of the clarification I can obtain from it. in this case, I'm using a 4hr magnet that has yet to be mitigated and targeting the nearest 4hr magnet that's close to wicks that are highlighted in blue on the right side of my chart, I usually only target wicks in sells and the body on buys but from looking at the market from both perspectives I think the price is at a premium level and buyers want to sell it back down to a better price. I also see a shift in the HTF market structure from bullish to bearish.
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