Niverto
Short

SPOTING THE PERFECT ENTRY ZONE

FX:USDJPY   U.S. Dollar/Japanese Yen
361 4 10
4 months ago
Hi Traders,

Through my experience in looking at the charts I am always trying to improve my trading skills, in this trade I would like to show you how I manage to find my best entry zone where I predict the market's turning point.

- We can see that the market is approaching a Daily major structure with a nice AB=CD move aligning almost perfectly with the 1.27 Fibonacci retracement .
The "D" move is ending right inside the Daily structure area (Red BOX).
I have set my perfect entry box (in green) at the confluence of the Fib retracement (1.27), "D" move of the AB=CD and the close of the Daily candle that set the begining of the long term structure (Red BOX).

We can also expect the RSI to enter its the extend area.
Let see what happen and happy trading.

Happy trading
4 months ago
Trade closed: stop reached
4 months ago
Comment: Forget the losing trades and keep going for the next opprtunity !
4 months ago
Trade active
TradZ
4 months ago
Great work ;)
Reply
Niverto TradZ
4 months ago
Thanks ;)
Reply
AlMak
4 months ago
Thank you
Reply
Niverto AlMak
4 months ago
You're welcome
Reply
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