I am considering taking a long on USDJPY with a big SL cluster that appears the last hours within 136.15-135.85 area.
I need a catalyst that will provide with Upside potential on USD and take a Long on the pair by tracking it's order flows and news catalysts.
Possible Catalysts for Friday 9th December.
US PPI's more positive than expectations
US Michigan data more positive than expectations
In case USDJPY isn't close to the lowest SL cluster I will play on this pair by trying to trip SL's along with the news by tomorrow.
If you want to trade like a proven funded prop trader take a look at my coaching sessions below
Learn Order Flow Trading
https://www.fiverr.com/share/WD45lL
Learn Fundamental News Trading
https://www.fiverr.com/share/8m1rjE
Trading Psychology & Risk Management plus all my tools on this session
https://www.fiverr.com/share/QxeZ3R
Learn Market Sentiment and implement to your trading
https://www.fiverr.com/share/eLgz1r
Learn by Watching over my Shoulders
https://www.fiverr.com/share/XEGqw0
I need a catalyst that will provide with Upside potential on USD and take a Long on the pair by tracking it's order flows and news catalysts.
Possible Catalysts for Friday 9th December.
US PPI's more positive than expectations
US Michigan data more positive than expectations
In case USDJPY isn't close to the lowest SL cluster I will play on this pair by trying to trip SL's along with the news by tomorrow.
If you want to trade like a proven funded prop trader take a look at my coaching sessions below
Learn Order Flow Trading
https://www.fiverr.com/share/WD45lL
Learn Fundamental News Trading
https://www.fiverr.com/share/8m1rjE
Trading Psychology & Risk Management plus all my tools on this session
https://www.fiverr.com/share/QxeZ3R
Learn Market Sentiment and implement to your trading
https://www.fiverr.com/share/eLgz1r
Learn by Watching over my Shoulders
https://www.fiverr.com/share/XEGqw0
Note
Took my first entry and looking to add more as Stop losses pilling up at around 136.00-135.85 area...Hopefully there will be market developments that will help these liquidations to take place and give me further entries exposure.
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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.