Long Term Bearish but on an intraday/session bias long.USDJPY is currently in a in consolidation . London has posted the low of the day the pair will finish Higher for the session. The levels are key institutional levels that the algo will be keying off and consolidation around.Currently long at 113.28 Target 114.83 and will be scaling off part of my position at 114.08.
The Bearish sentiment is over look for buys on the pair. There was clear rejection off Monthly support levels and market structure breaks on 2 occassion and a failed attempt to break below consolidation with rejection. I was long prior to the bounce off consolitdation at Entry: 1.4820 with a T:1.5229 based on pure price action. I will also add to the...
A classical trap for retail traders and a good example of market manipulation .As price is hovering around the bigfigure alot of trader will be short . Alot of liquidity resting above the 142.00 in the form of buy stops ,which will be targeted.
Currently long at 141.20 SL: 140.80 Target: 142.10.
Good luck and good trading\.
On HTF the NZDJPY is over extended trading in the upper portion of a 1300 pip range. With a false break of 83.00 big figure and current price gap being filled .I will be looking for shorts at 82.40 TP1: 80.40 and longer term TP2:77.50 ( the 50% Fib).
With the Daily time frame now in sync with the long term Bears expect lower price for the pair.The M/Makers are currently distributing the long position after running the stops just above 122.90 level coupled with correlated pair divergence. SL 123.25 Entry 122.80 1st Target: 120.30 2nd Target:118.60. On a longer term basis the 115.30 level. "Lets see" good trading
