USDJPY high probability setup
Updated
Scenario #1
After yesterday strong bearish engulfing, that engulfed 2 daily candle before.
Today, the market try to retrace and might be testing the key resistance.
if bounce or cannot break the resistance or daily candle closed below this level,
we go short with target to the key support.
Scenario #2
If the daily candle break the resistance...
we will wait and see for a
retrace, confirmation, continuation and possible long.
After yesterday strong bearish engulfing, that engulfed 2 daily candle before.
Today, the market try to retrace and might be testing the key resistance.
if bounce or cannot break the resistance or daily candle closed below this level,
we go short with target to the key support.
Scenario #2
If the daily candle break the resistance...
we will wait and see for a
retrace, confirmation, continuation and possible long.
Trade active
scenario #1 is ON.yesterday daily candle close below the resistance.
but today, the price is trying so hard to break the key level resistance,
Note
today, the price try to break the 104 level..but fail.
so, scenario #1 is still ON!
Note
its happening :) hoorayNote
Yesterday, my trade was activated with scenario #1Lets see where its going
Note
ups..Note
bear and bull still fighting on the key level resistance...Note
yesterday, bear win the fight..price break again the key resistance...
Note
consolidating on the key resistance...Note
many traders was trap to go long...today.. bear might win the day..
Note
another consolidationTrade closed: stop reached
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