Waiting for the break of support or Resistance on 1 hr
The retest of Support/Resistance on the 1-hour candle or Higher Time frame
2 consecutive 15 min candles in initial breaks direction
TPS marked in Green and additional notes are in the Chart with directions
Projected Entry for Buy
EP 109.239
SL 109.084
TP1 109.414
TP2 109.674
Projected Entry for Sell
EP 109.026
SL 109.177
TP1 108.839
TP2 108.594
I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action.
The retest of Support/Resistance on the 1-hour candle or Higher Time frame
2 consecutive 15 min candles in initial breaks direction
TPS marked in Green and additional notes are in the Chart with directions
Projected Entry for Buy
EP 109.239
SL 109.084
TP1 109.414
TP2 109.674
Projected Entry for Sell
EP 109.026
SL 109.177
TP1 108.839
TP2 108.594
I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action.
Comment:
Currently in for sell after BRT. HIT TP1 but never met confirmations before hand( So I didnt catch that move. )
Comment:
Headed for TP2. With that said I am Looking for a Buy right after TP2 due to confirmations I have for the direction shift.
Trade closed: target reached:
TP's Smashed.
Market execution Sell USDJPY
TP1 108.594
TP2 108.480
SL 109.069