USDJPY set up ideas and trades
- Thread starter Pezza
- Start date
USDJPY
This pair has had a huge break back to the upside.
Pushing up and grabbing liquidity, with NFP tomorrow price has been driven to an area and depending on the news out come. USD has shown some upwards retrace over the last week .
If we were to break above then there is no stopping the pair on the upwards move.
As you can see we are at the 79% on the fib level of the move and stalled, from here I will look for the market session in the morning and wait for the break of market structure from there
key entry and price action will be needed.
Make sure you use proper risk management when trading. Let me know how you get on.
This pair has had a huge break back to the upside.
Pushing up and grabbing liquidity, with NFP tomorrow price has been driven to an area and depending on the news out come. USD has shown some upwards retrace over the last week .
If we were to break above then there is no stopping the pair on the upwards move.
As you can see we are at the 79% on the fib level of the move and stalled, from here I will look for the market session in the morning and wait for the break of market structure from there
key entry and price action will be needed.
Make sure you use proper risk management when trading. Let me know how you get on.
How is it hard? Anything priced in yen (including gold!), is a screaming buy. Not because of the actual asset, but because of the Yen. Everything looks great priced in Yen.
I suppose if you’re on the 15 min time slice it’s hard. Predicting currency in 15 min increments is hard. Because it’s noise. On the daily? Any 5 year old can tell you where the trend is. And your risk/reward is so clearly defined.
I suppose if you’re on the 15 min time slice it’s hard. Predicting currency in 15 min increments is hard. Because it’s noise. On the daily? Any 5 year old can tell you where the trend is. And your risk/reward is so clearly defined.
Back with USDJPY
This pair has been on a ride lately and no entry or set up from its last move. This time I am currently in the move and looking to hold for an 8% account gain.
Currently we have seen this pair punch up higher then before taking out all the sellers over the last week. Finally today there was a break of structure to the down side, clearing the yellow low marked out.
With the use of the fib and a lower time frame entry and small gap in price I found my entry. with SL above with room to move will be holding over night and looking for price to break down over the London session.
If this move plays out then 8% account growth would be enough for the whole week.
Make sure you use proper risk management when trading.
Let me know how you get on.
This pair has been on a ride lately and no entry or set up from its last move. This time I am currently in the move and looking to hold for an 8% account gain.
Currently we have seen this pair punch up higher then before taking out all the sellers over the last week. Finally today there was a break of structure to the down side, clearing the yellow low marked out.
With the use of the fib and a lower time frame entry and small gap in price I found my entry. with SL above with room to move will be holding over night and looking for price to break down over the London session.
If this move plays out then 8% account growth would be enough for the whole week.
Make sure you use proper risk management when trading.
Let me know how you get on.