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.
Ordre annulé
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.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.