GPYJPY and EURJPY SELL (Bearish)
I have a Bearish Stance on BOTH the GPYJPY and EURJPY...
- Price Divergence Between GPYJPY and EURJPY.
- Price Divergence Between GPYJPY, EURJPY and LBR310 Oscillator.
Entry Scenario #1 - Aggressive
- Enter When H4 Bar Closes Below Today's Open
Entry Scenario #2 - Confirmation
- WAIT! for the Previous Day LOW to be Broken - indicating lower prices (or it might be a false break...)
- Retracement to Previous Day's Open
- Blue Path show potential retracement level and TP Area
- 1:3+ RR (50SL and 150+pip TP)
- TP#1 Area near a Previous Price Congestion Area (Purplish Area) and 1.83500 Round Number
Use at own risk...Am a rookie!
- Price Divergence Between GPYJPY and EURJPY.
- Price Divergence Between GPYJPY, EURJPY and LBR310 Oscillator.
Entry Scenario #1 - Aggressive
- Enter When H4 Bar Closes Below Today's Open
Entry Scenario #2 - Confirmation
- WAIT! for the Previous Day LOW to be Broken - indicating lower prices (or it might be a false break...)
- Retracement to Previous Day's Open
- Blue Path show potential retracement level and TP Area
- 1:3+ RR (50SL and 150+pip TP)
- TP#1 Area near a Previous Price Congestion Area (Purplish Area) and 1.83500 Round Number
Use at own risk...Am a rookie!
Trade active
My Target Time is Tomorrow before NY Open! If my price level is hit before 1.83500 my target time, am out!...basically whichever comes firstOrder cancelled
Just close this trade...nothing happening but distribution (small ranges)...can break either side...Order cancelled
Will GJ make one more push/leg/level? my initial analysis seems to be a dud! I see another push higher or am premature in my new assumption as well...I think it's best to avoid JPY pairs...they are also prone to sudden volatile movements without any news "attached" to the "move"
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