Ok so USD/JPY has had a nice downtrend since Late October.
Right now we have had a nice push to the downside and have run out of momentum. To continue down we need to grab more liquidity and we have 3 Order Blocks this might happen at.
I also like that we have exhausted around a un mitigated OB and it's sitting around the 200 EMA, This should give us the bounce we need! The confirmation I will wait for is a change of character, Followed by a Liquidity sweep from the OB that CREATED the CHOCH. I will try and post a step by step as the trade unfolds
I'm now neutral, just waiting, sitting cash position.
Right now we have had a nice push to the downside and have run out of momentum. To continue down we need to grab more liquidity and we have 3 Order Blocks this might happen at.
I also like that we have exhausted around a un mitigated OB and it's sitting around the 200 EMA, This should give us the bounce we need! The confirmation I will wait for is a change of character, Followed by a Liquidity sweep from the OB that CREATED the CHOCH. I will try and post a step by step as the trade unfolds
I'm now neutral, just waiting, sitting cash position.
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shes dumping! waiting for a pullback
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My zone held on the daily we have a huge rejection on the candle! liquidity grab!! we should see a continuation after a pull back
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Price is coming back to the original OB that created the CHOCH! we should take out liquidity that is left and should see some bullish momentum to my original targets for a sell
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Original POI's for sells
Trade active
And we are in !
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15 min doji closed, good sign at the bottom of a trend, could see a reversal.
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we need to take out this OB and grab the liquidity before the move up!! stay on your toes it is coming! I'm looking for a second entry around the end of my ob! waiting to price to exhaust
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loook at that push
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just beautiful. doing what she should
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need a pull back to stay healthy
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been going play by play with yall the real play is the sell.. I'm just taking the ride up but what a perfect entry!!
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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.