USDJPY - 240 MINS TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves).
Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
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Tradelikemee Academy
Usdjpyview
USDJPY setting up for a possible shortPrice is currently trading within an ascending triangle pattern when viewing on the weekly time frame, refer to the attached link for the chart view (). If price reaches the supportive trend line, price action can be applied to look for a buy signal unless the trend line is broken to the down side...
For now my focus is on the D1 time frame where I have spotted a potential sell setup emerging that can be traded to the support trend line before looking to buy, based on the ascending triangle pattern mentioned above.
# 110.758 is a level that holds significance based on my analysis on a provisional short term view, this is where I will look for a signal from the market
# Factors of confluence will be considered before opening a short
# Targeting +/- 109.000 where the previous swing low is located would be an ideal first target
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