Many pairs have already moved like the CURRENCYCOM:US500 CURRENCYCOM:US500 and
USDJPY
#USDJPY
I'm going off yesterday's bearish momentum and even the bear momentum for the entire week. #bear #trend is still holding strong.
I feel uncomfortable placing this trade as all other pairs I've been looking at as already moved and I did not get the SL that I wanted on this entry (fat fingered and placed it on dotted line.
However, the things I am seeing here:
Pros:
- Broken of EMAs
- Broken of ARL (Asia Range Low)
- Bear momentum/trend still holdig.
- 3 A2 setups have reached TP levels.
- Good SL placement and room above ARL, ARH (Asia Range High), and above 8,21,50emas.
Cons:
- entry candle for A1 is overextended
USDJPY
#USDJPY I'm going off yesterday's bearish momentum and even the bear momentum for the entire week. #bear #trend is still holding strong.
I feel uncomfortable placing this trade as all other pairs I've been looking at as already moved and I did not get the SL that I wanted on this entry (fat fingered and placed it on dotted line.
However, the things I am seeing here:
Pros:
- Broken of EMAs
- Broken of ARL (Asia Range Low)
- Bear momentum/trend still holdig.
- 3 A2 setups have reached TP levels.
- Good SL placement and room above ARL, ARH (Asia Range High), and above 8,21,50emas.
Cons:
- entry candle for A1 is overextended