USDJPY - SHORT ORDER SET UP / STAGE 3/4
ENRTY: BEARISH CONFORMATION CANDLE CLOSE (EST: 18:00 GMT)
EXIT: PRICE CLOSES ABOVE MA20
4H trend strategy set up nearing completion, awaiting bearish conformation candle for test of MA20 as new resistance.
RULES: SHORT ORDERS
1. MA20 BELOW MA60
2. PRICE BELOW ...
Wait until Wednesday latest if the price doesn't fall then buy. Using price action $30 shows bullish momentum supply and demand has been outlined. With weekly highs being touched price should lower, then jump up again. For now i would wait. If price does go towards and touches support at $27 mark i would definitely ...
We can start with a quick short, the market seems to be going for a slight drop, it's probably going to have some problems going through the 0.74500 (TP: 0.73964 SL: 0.75080). After the currency drops significantly, i expect it will try to break the 0.74500 resistance line and go try the 0.75000. Long at 0.74012 ...
EUR/USD Short Idea just less than 1h till close of 4H candlestick.
If 4H candle closes below 50EMA
Stop Order 3pips below low of the "Signal Candle"
Stop Loss 5-10 pips above of the "Signal Candle"
TP Previous Swing Low appx 200pips
PS Just and idea wait and see the price moving!
price is starting to consolidate inside a daily demand level while we have been in an uptrend. I'm looking for PA (price action: order flow)to confirm this level and see a couple of bigger bars to the upside. As institutions confirm this level then looking for profit targets @ the previous highs.