USDJPY Long - Direction: Has been in a Bullish cycle for 3 1/2 days. Pair was showing bullish momentum on the H1 and H4. Entry: Double Bottom pattern formed at H1 OB (can be seen on the M15). Divergence and shark-fin shown on TDI, with the RSI line also crossing the Signal Line, giving me a confirmation. Furthermore, entry candle closed above 13 EMA, which gave...
#TellMeWhatYouSee What do yall see tell me if we have different opinions.
Buys at TL, if Tl fails to support we will be looking to short.
Patiently waiting to buy USDJPY at around 108.00
H4. We have seen a big push to the upside this week. There may be some pullbacks. I would see what happens when the price will start moving around the two blue areas. I will be looking for some sign of bullish pressure around those areas if it will not be shown this analysis becomes invalid. Trade safely and manage your risk!
Currently on H1 Timeframe we can see rally-base-drop form. This form making supply zone. The price may go bearish until meet the demand zone. Moreover, on H4 we can see bearish candle engulfing. We may put sell order, which its stoploss slightly above the supply zone and put takeprofit on the demand zone. This is a good setup as small stoploss zone but big takeprofit zone.
every 8 days a short opportunity seems to present itself, by holding for one day you can get consistent profits. however, any basic form of market analysis would most likely get better profit.
With a 4H trendline break, we can look for a retracement an retest of the previous support broken and enter with a valid engulfing