USDJPY Scalp Monday London Open
- Going to track a few scalps and see how be go
- Using 8, 13, 21 EMA
- Confirming the trend on the 1 hour and taking the trades on the 5 minute
- It's looking like we'll be shorting as the Yen reached it's highest all year last week and is on the pullback
- Using 8, 13, 21 EMA
- Confirming the trend on the 1 hour and taking the trades on the 5 minute
- It's looking like we'll be shorting as the Yen reached it's highest all year last week and is on the pullback
Note
ENTRY:- Waiting for it to pop below the 8EMA(Red) and then clip it again
- Will put a buy order below it once it does and out stop above it
Note
WAITING:- We're after going straight through all EMA's which could make you chase a long
BUT..
- Going back to the 1H you can see are not riding above all EMA's to change out direction to a long
Note
And we're in..- Entry was a little late, on the train and internet is slipping, won't be entering another trade after this one until a stable connection is available
- R1 and R2 set, again they could be better
Trade closed: stop reached
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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.