Blew through the zone, should retest, if it does, Im selling.
Wait for the re trace to 618. On my chart it shows 382 because its reversed for the 1.272 extension. which is TP
Wait for the 618 retrace to buy. TP 1 is pictured, TP 2 is the 127 extension
Im looking for 2618 trades for now. buy at the 618 retracement.
Possible long, But be cautious, Dollar is strong
Disregard previous. I could still be wrong, but my last idea, i wasnt thinking. Very tired. Revised SL and TP with a still rewarding 2.1 Risk/Reward. Still trying to regain some confidence from a big loss early in the week.
Being pushed down, trend continuation to 127.2
USDJPY is in an uptrend since the election. there Was a trend line break to the upside recently But it quickly went back in. I am looking for it to break out to the upside, but it could go either way. Wait for Breakout.
Im looking for a retest of the structure before buying. Trump will be inaugurated today, which could bring strength to the dollar like the election results did. Maybe not as big of a move, but i believe it could go up to atleast the next level of structure. EDIT... if you add fibs to the projected high, the previous structure would be your 38.2 fib.
Im selling for a quick scalp. Its in a down trend and its getting rejected by 15m structure. If it closes above the structure, then im wrong.
Looks to me like the dollar is getting weak against other pairs as well as UJ. Not to mention the clean down trend line, and near touch that the recent high did. My target is the 1.1272 fib extension
Possible long, Market structure lines up with the channel. May take a few days but i believe it will break out to the upside. Let me know what you think.