USDJPY trend reversal to uptrend?
USDJPY daily price action showing signs of potential uptrend. However I will not buy at current market price because I want to avoid myself from entering too high and get stopped out too soon.
I also realized that smart monies regularly set up over-extension or huge momentum candles to lure impatient traders come in, based on my experience & other professional traders commentaries.
Hence I will be looking to long USDJPY when it comes down to 111.5 zone first and then had a few pips of rebound.
My stop loss will be 111.3. I will gradually trail my stops if market breaks the highlighted resistance zones.
This is not a buy/sell call. Do confirm with your own trading plan. Happy trading everyone.
I also realized that smart monies regularly set up over-extension or huge momentum candles to lure impatient traders come in, based on my experience & other professional traders commentaries.
Hence I will be looking to long USDJPY when it comes down to 111.5 zone first and then had a few pips of rebound.
My stop loss will be 111.3. I will gradually trail my stops if market breaks the highlighted resistance zones.
This is not a buy/sell call. Do confirm with your own trading plan. Happy trading everyone.
Pesanan dibatalkan
market went down to 111.5 zone but did not staged a rebound for an entry long. Trade closed. Will continue to monitor this pair for potential trade setups.
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.