UPDATE ON USD/JPY TRADES
USD/JPY 30M - How we getting on people, back with another update for you all on this pair. As you can see price pulled back up and into the area of interest we have had marked out.
From here we have seen price trade us lower, confirming enough Supply had been introduced to flip the S&D balance. Now that we have been delivered with relevant confirmation we can look to trade with the trend.
Taking this market lower, all we need to do now is wait for price to pullback up fractally into an area of Supply giving us the ability to get involved with a more refined entry.
Until this we should be holding fire, that is if you didn't get involved from the initial penetration of the zone I gave earlier on today. As we know its much better to be safer with these trades to maximise success rate.
From here we have seen price trade us lower, confirming enough Supply had been introduced to flip the S&D balance. Now that we have been delivered with relevant confirmation we can look to trade with the trend.
Taking this market lower, all we need to do now is wait for price to pullback up fractally into an area of Supply giving us the ability to get involved with a more refined entry.
Until this we should be holding fire, that is if you didn't get involved from the initial penetration of the zone I gave earlier on today. As we know its much better to be safer with these trades to maximise success rate.
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