About meForex/Stock options trader. Price action is king! I don't get too fancy with all the indicators and the harmonics. Support/resistance bounces and breakouts are my go to setups, but i'll trade any solid set of confluence. Always learning and growing.
Great looking zone. Entering a short position and will add/reduce to it as price action dictates> However a bullish breakout is certainly possible so i'll hedge my position my buy stops about 70 pips above the zone for protection. Lets go
Great looking zone here that has been tested many times and held firm. Current price action is indicating more bearishness to come, as is the case with many other yen pairs at the moment. A short here with a stop above the zone is my trade. take profit accordingly
Looks like we pushed though the demand zone there. The area should now act as supply. Watch price action closely for bearish flag pattern to shape up to get prime short entries. High probability scenario. Happy trading
This sideways consolidating pattern is nicely disciplined. 1.29100 has been a great level to take short positions. Love the fact that this pattern has played out very well recently off to the left of this chart frame. high probability. Lets see
I see a lot of analysis out there making the case for a long on this pair... i disagree. Based on my own analysis, i see a major uptrend line being broken and a re-test occurring in the form of a bearish flag pattern. I also see very probable/plausible bearish cases for many other yen pairs. If i get bearish confirmation here for the flag pattern thats setting up,...
Loving the confluence. Many factors coming together to give a sell signal here. Looking for a bit more confirmation from the price action, a bearish move from out the red shaded supply area would be a great trigger. Lets see if we get that. Enjoy
Good looking supply zone. Liking the immediate rejection of price as soon as we started to interact with the zone. An immediate short entry with stops placed above the zone will be my trade. Many other JPY pairs are shaping up similarly so look for cross correlation. Enjoy. Trade responsibly