Short

UsdJpy Possible Short

Updated

This is a mixture of Wyckoff and ICT ,so bare with me. We are at the end of the phase cycle. We would technically be in PHASE E, which would be where the market trades outside the TR ( trading range) . Now the market is consolidating as a retest to the top of the TR. It will either hold it or retrace back to 50% of the TR which would also be at an Discounted Area (green zones). We currently in premium aka the red boxes. Liquidity BSL is also resting above from last Thurs and this Wed. Would love to see price grab that while going to EXTREME premium, before shooting down to push PRICE HIGHER... just waiting to see. I got more Lower timeframe ICT based markups if yall mess with this one.

Note

Note

n the Screenshot above, I'm currently shorting on a LTF just TEN pips. The arrows indicate where the market SPECIFICALLY retraces EVERY 3 minutes right after the end of London KZ. Going into 5am. A turtle soup was also formed which cleared out liquidity and played into a bearish OB. Now as we can see its a NEW HOUR.

I applied the Quarter Theory mixed with the 90 MINUTE CYCLE (scaled down to use fractally since I'm on minute chart) . The market is going into its last quad for 6 o clock. It will continue to downside or REVERSE back up. IM no financial advisor by the way. Sorry if this sound too complicated lol.

Note

LTF price is at the bottom of the TRADING RANGE which is an extreme discounted range .. Something to be mindful of. Could expect pullback . m just watching.

Note

t.me/c/1407734521/155

Note

The schematic that could be showing ^

Note

I won my 2 Ten Pip trades for the morning. Goodluckto all traders for rest of day .

Note

Bullish Volume showing divergence while bearish volume increasing.v

ConsciousFXtheDayTrader

Also on:

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.