USDJPY set up ideas and trades

SunTrader said:
Nothing else to say at least means no more after the fact "trade" posts. And no you did not post exit at the time it triggered.

How could you have? When you posted this yesterday morning @ 8:07am ET and price had already touched that price 8 hours earlier @ 12:15am ET :confused:

"My exit level for this position was approximately -85 pips below @ 142.61."

But don't worry newbs will still "like" your posts. Run along.
More...

Could you give a little more information or some content on how you read the markets/charts please?
 
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.

Let me know what you think of the idea.
USDJPY BUY opportunity.png
 
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.

What did you make of the move today?
USDJPY huge move.png
 
Watch the trade like a hawk/hayabusa, I normally go long Yen and have been getting slammed on the demo account. At the rate things are going with my luck 150 is not a far stretch.

Akuma to Tenshi
 
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.

Thoughts on the markets at the moment?
USDJPY Friday sell set up.png
 
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