Man I can’t wait for the top reversal, everyone is thinking the same way, it will landslide when the times right
USDJPY set up ideas and trades
- Thread starter Pezza
- Start date
Really will i will be looking for the confirmation on the LTFs and taking an entry from there
USDJPY Long set up
Right people this is what I am looking at going in to NFP tomorrow.
With the DXY showing a bit of weakness we could see this pair setting up for a sell off but before we do I feel we could beak down below the low to in trap sellers to the market and then look to retrace back up to discount and above an old high before we see real driving selling force for the long move.
So with that in mind I am looking to find a key entry and short term intraday set up to catch the moves.
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. Let me know how you get on
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Right people this is what I am looking at going in to NFP tomorrow.
With the DXY showing a bit of weakness we could see this pair setting up for a sell off but before we do I feel we could beak down below the low to in trap sellers to the market and then look to retrace back up to discount and above an old high before we see real driving selling force for the long move.
So with that in mind I am looking to find a key entry and short term intraday set up to catch the moves.
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. Let me know how you get on
Yes it flew up, blew your target out of the park. Awesome trade though.
yes , than before USD becoming strong. sounds good
It is due a retrace soon on the DXY but i would be entertaining it until it starts to make at least two consecutive lower lows and lower highs
I look at DXY quite a lot to aid my trading and its really relentless at the moment. im having to go to the monthly to see where the draw on liquidity is
USD/JPY back on the charts
I have not touched this pair for the last month as we seen higher highs getting taken all over the place.
Now currently we have seen significant breaks across different timeframes and now broken a daily swing point.
We have retraced slightly and we are back above the 50% level and currently in sell side liquidity.
Ideally we want to break above the previous highs set out today and then break back down with some speed to show willingness to the down side.
Todays 4hour set up DID NOT TAKE THE LOWS so watch out as we could be in for a short term reversal also then you need to switch your bias.
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. Let me know how you get on.
I have not touched this pair for the last month as we seen higher highs getting taken all over the place.
Now currently we have seen significant breaks across different timeframes and now broken a daily swing point.
We have retraced slightly and we are back above the 50% level and currently in sell side liquidity.
Ideally we want to break above the previous highs set out today and then break back down with some speed to show willingness to the down side.
Todays 4hour set up DID NOT TAKE THE LOWS so watch out as we could be in for a short term reversal also then you need to switch your bias.
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. Let me know how you get on.
