UJ is about to hit major supply zone soon. Wait until UJ hits the red line and activate the sell order. 4:1 RR.
FX:USDJPY This will be invalidated in case of trade tension or similar event
i will short it if prices reach the entry level with proper price action.
USDJPY Setup: ABC Confluence: BRN CRS Break double tops neckline Entry: Sell Limit @ 107, SL @ 107.50 (50 pips), TP @ 106.00 (100 pips)
SCENARIO: -Supply looks greater than demand at that Level QmL|Fakeout|DBD
double top. 78% rejected again. waiting for TL break for a definitive drop
USDJPY Setup included Double Top, Structure Breakout, Supply Zone Rejections and many more. Most of them point to bearish move. Confluence: Double Top BRN Brearish Maru Entry: Sell @ 108 SL @ 108.30 TP @ 107 Let's see how it goes. TAYOR
- UJ has held up to key support levels so I am expecting some upward pressure to continue. ~~~~~~Looking for possible resistance at price level now, then buyers will flock out of trade (they get nervous) ~~~~~~ you will see institutional investors pile on long(buy) positions to continue the dollars inflation path --> Call made based on technical factors going...
The count for XAUUSD is not clear. However, it looks like the price has not yet finished the trend and 1540 is in sight. Very difficult trading with loose SL and small positions. USDJPY also looks down.
UJ: 1. In a downtrend 2. Below MAs 3. Broke & Retested the H1 zone
Price action shows an inverted W pattern. The US dollar may be looking to drop from last weeks rise. Apply low risk due to The US Iran tension.
Not much to do with this trade. Have been tracking when risk on would take profit and with SP topping near ATH's and with FED hinting less rate cuts than expected I am ready to sell. The 3 Slopes I Marked have been broken by the big red candle forming the lower LOW and breaking the 21 ema. Not much else to do with this trade. I fib'd the move and the...