rivac7
Long

USDJPY Short term

FX:USDJPY   U.S. Dollar/Japanese Yen
43 4 1
I will be buying this pair on the demand level formed yesterday during early NY trade on the retest. In the other hand, this pair just bounced from a daily (massive) demand level, thus a bullish momentum will be expected on this pair.
LUCKYMUNDA67
2 years ago
I am going short. Check your strategy again.
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rivac7 LUCKYMUNDA67
2 years ago
Yup, at the moment you can sell the pair as you can see on the screenshot that I have a supply level up there and it is currently lingering. For bigger picture, it seems to me that this pair is near the demand, thus be careful in selling.
snapshot
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wavrun rivac7
2 years ago
Daily Demand doesn't look fresh to me. Could well have been absorbed after being hit 4+ times. I will be shorting based on H1 break of TL and SR flip zone not holding. I also notice pockets of supply slightly higher than current price.
snapshot

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rivac7 wavrun
2 years ago
Yup, There is a chance too for break-out to the downside since the demand level is not fresh anymore. Adding to that, USD Index is on the daily Supply as well , thus Yen strengthening. You are right, in case of breakout, a nice supply may be created and sell for retest.
snapshot
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