USDJPY This pair has been on a bullish run for months and every time I have tried to sell it I always get stopped. Now I am only looking for short term 4 hour pull backs to continue the buys. Targeting the previous highs each set up. This set up is a short term drop down in to a daily FVG looking for Price action during London open tomorrow. Keep a close eye on market structure and remember key entry and price action will be needed.
What do you think of this pair at the moment? Let me know what you think of this set up.
USDJPY Buy idea. Still only looking for buying opportunities on this pair for the moment. Currently we have made relative equal highs and a small retracement to fill in the imbalance. From here I will be looking for this pair to come down and retest the OB but hold above the low. As we can see this would be 70% to 79% on the fib levels. Once we get back down to this area during a trading session i will be looking for a smaller TF break in structure. Keep a close eye on market structure and remember key entry and price action will be needed. Let me know what you think of this set up. If we break the low continuation to the down side will be expected and trade invalid.
I wouldn't want to see the OB retested after being capitalised personally. I think the entry was on the 14th. There was a move down yesterday but not as low and USD appears to be rallying ahead of expected further rate increases tomorrow.
If you can't spot the liquidity then you are the liquidity.
USDJPY Today we seen a massive move on this pair and on the daily we have taken the highs and the lows. We seen this pair break right back down to an untested order block and reacted from there This could be the start of the bearish run or just a correction move clearing up liquidity before a continuation to the up side. I will be looking for this pair to come back down retest the breaker move and then continue to the up side. Targeting the bottom of the last bullish candle and then see what we do from there. Keep a close eye on market structure and remember key entry and price action will be needed. Make sure you use proper risk management when trading.
The pair has been heading towards the North. The price may find its resistance at the last swing high. Traders may wait for the price to find its action around that level to find out its next direction.
USDJPY Looking for a Friday sell retracement of the weekly move. As you can see we broke right back up to the top of last weeks range and have held at this top range, setting up for a Friday move with a pump back up to the previous highs taking out the range and liquidity from there i will be looking for a 30%-50% retracement of the range and targeting below the relative equal lows. Keep a close eye on market structure and remember key entry and price action will be needed. Make sure you use proper risk management when trading.
Looks very bullish to me. An up trending trend line is in play. The sellers may not be that interested unless that gets broken. The price may make some bearish correction, which the buyers may wait for to long and push the price towards the North further.
The pair made a strong bearish move to close its trading week last week. It has been bullish at the start of the current week. Traders are to be very watchful and patient to find entries in the pair as far as the H4 chart is concerned.
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