Lets see how this plays out im short but will watch p.a at this zone to take longs seing as we are bouncing of daily zone and creating higher highs but following daily p.a we have a pin so could collapse from here
looking to trade up from those zones below price will wait and see how rice unfolds when we reach those zones .. have a zone above price which also in confluence with upper trendline so will be looking to take a short from there as usual 1:1 i will then take of 60% and leave the rest to run
looking to get into a short off this yellow zone which you can see has confluence of this channel RR will be aiming for 1:3 taking 60% off at 1:1 and stops get moved to b.eas this may be a runner but will watch and see may even get a buy setup a long the way
Currenttly in a downwards channel this could play out to be a bullish flag or just a downwards channel either way i have setups that provide good RR from it which is all that matters to me . long plays will be from green lines and short plays from red line heading from blue zone
Price is back within channel so im looking for this zone to hold ( if it does hold it may break out of the channel but this channel is from the weekly ) and then get back within the channel for further movement upwards targetting a nice area which price seems to attract to but we will see how it goes if it gets back within the channel and then retest lower channel...
Waiting to see how price reacts to certain areas on the chart before deciding on how im going to trade but following what ive drawn out price usually moves as such so expecting more downside but buyers are also able to step in at certain areas so if i see nice p.a of areas marked ill step in and be moving stops to b.e after 1:1 is reached
eWe could possibly see usdjpy turn very bearish from this level depending on if it holds ..... we have a zone directly below and as before I'm favouring longs more so but if this zone hold its shorts all the way down
will put 0.5% on short and another 0.5% risk on long as I have two setups at the moment either way one will get stopped and the other will make up...
.looking to be in and out of the market targeting zone a decent distance away I know its nfp today so will be careful
first area has given nice p.a to sell second area above price ill consider shorting if we get up there