Hey Traders,
USDJPY trading in a very nice range between (146.35 / 145.15). 120 pip Range.
I would like to see 145 figure taken this time. Grabbing liquidity before another move to 146.
Over all we have jackson hall at the end of the week. so good luck and be carful.
We have formed a range after a strong drop, I would like to see this range play for the next couple of days. If we take the liquidity to the top, then we short with a 4.5 R:R and other way around, if we do take the liquidity to the downside then we can go Long with a +4R Trade.
Whichever side we break first we will see a fast drop or rise. due to imbalance of...
FET has been outperforming BTC these past couple of weeks. If we do see the AI narrative take over in 2023, then we will see this as one of the best performing ALTS in 2023. We currently tapped a resistance around - 0.4700 if we do break this level then I see 0.50 cents and 0.65 as our next big resistance levels.
Not Financial Advice.
Just My opinion. Goodluck.
Reason for the Short being triggered, we saw a strong drop followed with a resistance which was held. we then formed another FVG to the downside. Short trade triggered as we filled the 2nd FVG for the drop. 5 R Trade right there.
ETH/USD: could be making new lows here. We grabbed lots of liquidity and trapped all late shorts with a very strong move towards 1200ish levels, I can see ETH trading back below $1000, but we would have to se BTC make a new low. Currently no strength in any of the markets I think we can go lower and create great buying opportunities.
