FX:USDJPY   U.S. Dollar/Japanese Yen
148 12 7
EDIT : NO MORE UPDATES DUE TO INSUFFICIENT LIKES.
LOOKING TO SHORT @ 123.90, NEAR THE HIGH OF PREVIOUS W1 FOR OPTIMAL RR.
I HAVE SHORTED LAST WEEK @ THAT LEVEL FOR 100 PIPS FOR THOSE WHO ARE FOLLOWING ME.
AND I WILL SHORT IT AGAIN THIS WEEK.

124.00 IS ALSO 2007 HIGH.
W1 BEARISH ENGULFING FOLLOWED BY BEARISH PIN BAR .
ALL IN ALL, MAKING A BULLISH COMEBACK FROM THIS PRICE ACTION SETUP IS PRETTY UNLIKELY.

ALL THE BEST

H4
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M1
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Related Ideas

FINAL UPDATE : ADDED AGAIN @ 124.3, A TOTAL OF 3 POSITIONS. 124.3 124.1 123.9.
D1 BEARISH PIN BAR FORMED @ 88.6%.
W1 VERY BEARISH OUTLOOK STILL VALID.

NO MORE UPDATES DUE TO INSUFFICIENT LIKES.
+1 Reply
UDPATE 2 : SHORT IS FILLED @ 123.9 & 124.00.
SL @ 124.8.
Reply
P_Parker PriceActionTrading
Nice. Looks like we get another daily Pinbar. I wait for the close and go short then.
+1 Reply
UPDATE : STILL WAITING TO ENTER SHORT @ 123.90 AND 124.30. SEE PRICE ACTION.
+1 Reply
Nice eye. Thanks mate.
+1 Reply
Thanks andyle. Appreciate it.
Reply
Andyle PriceActionTrading
I applied some parallel channel. Maybe ur sell order never hit :)
+1 Reply
Andyle Andyle
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+1 Reply
Very nice. Well, so be it if it doesnt. All have to depend on formation of price action when it gets there. Thanks andyle
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P_Parker PriceActionTrading
Hm, my Target is almost reached without triggering entry.... but lets see what really happens :-)
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+1 Reply
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