Daniel.Dalo
Short

USDJPY - Supply and demand levels

FX:USDJPY   U.S. Dollar/Japanese Yen
41 2 0
A fresh supply level just formed and price has a free way to the down side as no significant or fresh demand levels are in place. A good opportunity here!!

Related Ideas

dionvuletich
2 years ago
Are you assuming the profit window is to 106.645?
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Daniel.Dalo dionvuletich
2 years ago
I made a mistake on this one, thought it would be a nice supply level so I published the idea and waited, but the departure from the level was not strong enough for me to consider it. About the profit window, I believe that there is no fresh demand levels (for me) until the ones I draw, so those would be possible targets, but I always put stop to breakeven when price has moved 2:1 from the first time it touches the level and move stops to breakeven.

Hope I explained correctly :-)
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