USDJPY Scalp Monday London Open
Updated
- 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
Comment
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
Comment
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
Comment
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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