Price open towards 143.767 - Short Setup!
USDJPYIf price reached 146.700, then the whole short setup is invalid.
One potential setup is entry from 145.248 to 145.599 and SL at 145.700
One can enter above premium zone (145.721 above) and place SL on invalidation zone (146.700)
TP at first fibo extension 1.618 target: 143.767
Reason for entry:
* QM Sell Setup
* 4h DBD (potential place for shorts)
If setup fail, entry at premium zone and ultimate SL at 146.700
Note
Trust the process. In case setup fail, I have my re-entry at 146, SL at 146.700 and same TP.Always manage your risk!
Note
My first entry was SL hit!Waiting for next entry.
Note
Setup that I laid out last week is invalid. Or too risky.1. Price didn't react on previously marked drop base drop
2. CSM Sell invalidated by CSAK buy
3. Price broke our QM Sell signal
No reason to go short for now. It's too risky.
Minds: tradingview.com/chart/?mind=pNgT84ZcQmKsUAmAz40prA&symbol=OANDA:USDJPY
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.