kate25
Short

UsdJpy short term

FX:USDJPY   U.S. Dollar/Japanese Yen
239 2 8
The daily pivot has changed from advancing to declining - so on the daily, average price is collapsing - the 8hr pivot also started to collapse and is now riding below the daily pivot. I can use the previous daily pivot is my stop loss which has a supply zone just before it - targets sit at the pivot highs below. If the 8hr pivot reverts to advancing up then I would close the trade.
JamesPowell PRO
2 months ago
I like it, price was already in the demand area then gapped up into supply and is now coming down. It is promising. Good job.
Reply
kate25 PRO JamesPowell
2 months ago
Thanks James - using the pivots as moving averages is new and not necessarily proven - see how this set up plays out
Reply
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