Uj
UJPart of the new scalping strategy I'm testing. If it is inline with your trading plan then go for it but if not DO NOT DO IT. Plus overnight brokers are not the friendliest for South African traders.
SEE YOURSELF AS A HEDGEFUND MANAGER, THE SENIOR MANAGER HANDLING A FUND OF $10M/ R150M. Treat all accounts like that, the way you behave, the way your forecast and analyze, the way your set out goals (entry and exit points) and even what you feed your mind.
USDJPY 4hour Analysis August 21st, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we are looking very bullish on UJ again.
To continue with the bullish trend we first need to see the next higher low confirmed close to 135.000. Look to enter long and target higher toward 137.000
Trade scenario 2: If we are to consider UJ bearish we would need to see a break below 135.000 with a confirmed lower high below.
USDJPY 4hour Analysis August 14th, 2022USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking bearish on the daily & 4hour timeframe for UJ and we’re looking to continue with that bearish trend.
Ideally price action breaks support at 133.000 and forms structure below. Look to target lower toward key support around 129.500.
Trade scenario 2: For us to consider UJ more bullish we would need to see rejection off 133.000 support right now and start pushing higher.
UJI'm looking at this trade and I'm hysterical because I told myself that it's going to come back so move you SL. I said this before closing my laptop, but I guess it was louder in my head then the actual action of doing it.🤣🤣🤣🤣, it's one of those that are not bad because my plan accommodated the possibility of the loss.
USDJPY 4hour Analysis August 7th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are back to bullish on all timeframes for UJ. Last week we saw the 4hour transition back to bullish after rejecting our 133.000 zone.
Going into this week we’re looking for a significant higher low to enter long on.
Trade scenario 2: For us to consider UJ bearish again we first would need to see a break below 133.000 with structure below.