Breakandretest
LONDON: USD/JPY B&R - MOMENTUMLondon has lined up some interesting break and retest setups. Decided to go with UJ because we already have a trade depending on USD weakness, now we can try to capitalize on JPY strength as well. 'Break and Retest' setup right out the playbook is active using momentum based entry. Lets see how it plays out
LONDON: AUD/USD BREAK & RETEST - MOMENTUMDXY is still showing weakness across the board and while we trended all ASIA and may get a pullback if they go after stop losses, we must remain disciplined and trade in line with the market. In this case, AU has broken above 4h range and in our trading timeframe has shown us our classic playbook setup "B&R" using momentum for confirmation entry. Lets see if market can push a little more to help us reach at least 1:2RR
AUDCAD | 4H | Break & RetestBy far the cleanest Break & Retest structure I've seen on all pair this week.
But keep in mind that the monthly, daily, four hour is bearish trend but on the daily it's not aligning with the overall trend.
That means that this trade is not an A+ setup but it's an A setup
Excited to see how this trade went.
ASIA: GBPUSD BREAK & RETEST - DEPLETIONWe can see sellers have been depleted over the past hour and price has qualified for playbook setup B&R using our depletion entry. Good probability of reaching 1:2 RR. Lets see what happens over the rest of ASIA and check back in during London. Safe trading everyone, see y'all soon!
ASIA EJ B&R ON MOMENTUMEJ is in a consolidation phase so we must watch our step, but thats usually when algorithmic patterns come out to play, so lets see if they will follow thru on this harmonic reaction, price also formed one of our reversal setups, followed by what could be a continuation with this break and retest