How To Catch And Trade Forex Reversals Easily
Markets reverse because of changing economic sentiment.
That's the easy part. Managing your entries/exits is what needs overall care.
Get consistency with this approach.
That's the easy part. Managing your entries/exits is what needs overall care.
Get consistency with this approach.
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USDJPY getting whacked on 50BPS cut.Nota
Consider trail stops on shorts around key moving average areas.
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Level two for shorts hit over night, second round of gains lockable. Take it.Nota
Labelled diagram:
Exited once at early Ma's, re-shorted and exited again.
Momentum is Risk Off this Morn and pulling USD up VS JPY.
Would hold off any new shorts until new highs beaten as per video.
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Moved higher as expected on Yen weakness.
BOJ seemingly happy for a further retracement. Do not think they will allow re-hits on highs. Defeats all previous objectives.
Space out entries.
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BOJ Sentiment to understand for Monday open:
No real forward guidance, but looking ahead it seems Q4 may bring a return back to normalisation (hiking) 25-50 BPS.
Does not seem that there is real concern on inflation and indeed normalisation at an extreme pace. Likely we may see drifts on Yen pairs temporarily before a continuation as mentioned in video (Global economies dropping rates, Japan hiking).
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Weakness into London not massively threatening -
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Early short zone reached (slap onto 20/40MA).
Leaving shorts further higher up on more retracement (potentially).
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Momentum with USD.
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Exit shorts for gains, see above ^
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No real impetus higher into Monday. Still subdued.
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Be careful on longs, JPY inflows as a safe haven are abundant.Nota
Risk On Environment (Rebound)
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Long side TGT reached. Keep an eye on JPY Sentiment out of BOJ. Dovish rhetoric coming in causing yen weakness.
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Kill all longs at TGT>
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Still no real kickback, would not be surprised if we drift to higher MA's.
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Momentum still supporting upside. Brace Pre News,
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Slowly Rising.
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Still room to go to upside. No need to slam in for any shorts.Nota
Key levels being reached (still low risk entries)
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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.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.