Hello traders!
I'm expecting a nice trade setup for USDJPY.
As of now, I'm waiting for a good signal from the structure highlighted in purple.
If it breaks to the downside, then I'm expecting to trade within the blue trend-line. However if it breaks this wave structure, then a short entry setup will be valid.
If a strong bullish moves happens, then we should expect a move to the supply zone.
As always, it doesn't matter which side of the market your trading, its the strong confirmations that will tells you which side to trade...
Happy trading :)!
- Abdulla
I'm expecting a nice trade setup for USDJPY.
As of now, I'm waiting for a good signal from the structure highlighted in purple.
If it breaks to the downside, then I'm expecting to trade within the blue trend-line. However if it breaks this wave structure, then a short entry setup will be valid.
If a strong bullish moves happens, then we should expect a move to the supply zone.
As always, it doesn't matter which side of the market your trading, its the strong confirmations that will tells you which side to trade...
Happy trading :)!
- Abdulla
Trade active:
As we can see, a breakout of the purple structure has happened - Target is the Supply zone.
Trade closed: target reached:
Target reached! $$$$$$$