invalid above 134.00 (25 pip SL)
Intraday targets @ 1:1 & 1:2 RR (133.50/25)
flat above 134 until London tonight.. breakdown of 133 + weakness in indices could lead to more downside (3100 on SPX500 will be key)
Buy Stop Setup
Bullish momentum on higher timeframes
Previous resistance level broken with a close above
Price wicked down and closed above the resistance level to create a new support
For a reduced risk entry, I set a buy stop in order to catch bullish momentum, should it continue
TP set at next area of structure where price may have...
The price has been rejected by the 200 Ema on the last two sessions
Bullish DV on the RSI
Swapping L50 so the risk will be less (0.5%) I usually risk 1%
Be careful with the sensitivity zone @ 84.400, price might bounce back a little from there
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SIMPLE HEAD AND SHOULDERS MARKET STRUCTURE PATTERN. IM BEARISH FOR CADJPY BECAUSE WE CLOSED UNDER THE NECKLINE ( SUPPORT ) ON THE DAILY TIMEFRAME. BEFORE ENTERING YOU CAN WAIT FOR A RETEST OF THE BREAK OF SUPPORT. THE NECKLINE OF OUR HEAD AND SHOULDERS PATTERN IS ALSO MAJOR SUPPORT ON THE DAILY TIMEFRAME.BEFORE ENTERING YOU NEED TO SEE PRICE BEING REJECTED BY THE...
Overall multifaceted analysis leading me to short USDJPY
SPX has entered a period of constrained volatility as we could see risk sentiment return to the market?
What does this mean for the so called "flash Crash" that we had in the Yen earlier in the year? Well at 700 Pip rally in less than a quarter is a massive move, but can we sustain that...