I'll go long if a 4hr closes above 152.743 with strong momentum.
The supply zone was broken and turned into a demand zone, showing multiple rejections, which confirms strong bullish momentum. Personally, I'm in swing buy positions. 🕹️
I’m looking to sell this pair soon if it starts showing rejection from my supply zone. A rejection here could also form a head and shoulders pattern, adding more confirmation to the bearish outlook.
I have strong conviction that this is going to drop significantly. There are numerous confirmations and rejections aligning with the setup, plus both the weekly and daily trends are clearly bearish. I'm fully committed to this sell trade so i'm putting my house and everything else on this trade. 🧑🏻💻💰📊 •Weekly, daily bearish •Ema 50 bearish •Head and shoulders...
As seen in the bigger picture, the pair has been predominantly bearish. My decision to go short was based on the break and retest of the green line I drew. After that, the price respected the fvg drawn multiple times and formed a small head and shoulders pattern, signaling a shift towards bearish momentum. There were also a few small fair value gaps on the...
I like to keep my trading analysis simple. I have been backtesting and trading this way for a while, and it has been working quite well. The key is to be patient and wait for the right opportunity. We had a bullish break of structure, so I will wait until it fills the lower weekly FVG to buy, with my target set at the psychological level of 0.87000.
There are some good confirmations that the pair is bearish.
There is a head and shoulders pattern on the daily chart, and the price has just reached the retest neckline, respecting the 50% Fibonacci level. Therefore, I am going short.
I been having success with my simple strategy. I am going short, because it broke a resistance level that was tested seven times on the daily, then retested, and failed to break again so it created a supply zone on the 4hr chart.
The USD/JPY pair came down perfectly to the BOS zone for a retest, which signals that the pair will likely continue its bullish trend.
I like the rejection on the fibonacci levels so i predict that the price will keep falling.
The trend looks bearish. It may either reject the trend line and move up to the FVG, or break the line, then retest the BOS and come down. There has been a good rejection at the Fibonacci between 61-38% levels. I am looking for short positions.