USDJPY has an ascending triangle, but daily sticks showing weakness, also EURUSD and GBPUSD are strong on daily sticks, could develop either way, but this is possibly where the new move is going to be created.
Nota
EURUSD and GBPUSD developed new fundamentals, watch EJ, right now ascending triangle still holds and daily now seems like UJ is testing highs, if its a clean breakout upwards, can enter position in parts, deploying 1 unit on break, then deploying 2nd unit on pullback and supportedNota
then on momentum confirming pullback, enter 3rd unit, when 2nd unit is deploy, but support doesn't hold, thats when the trade may not be valid anymoreNota
benchmark volatility around 100pips, position sizing accounting for 3 level of entries at least should be benchmarked around this value.Nota
alternative is wait for break out to pullback to see if support is around, if needing a more conservative strategyNota
*correction for above*alternative is wait for break out to pullback to see if support is around, if needing a more conservative strategy , then enter position on pullback
Nota
EJ is important as these days, it seems like EJ is driver rather than UJ or EU in EJ
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.