In this USDJPY chart Price is Making HH and HL...So we need to look for buy trades....Here i set 2 buy limit orders according to the Market Structure Using 1H and 15MIN Order Block....Let's See what happening Next....
Have A Safe Entry!
My RR is Better Looking....!
If runs with profits don't forget to place your SL to previous swing low... Or...
". There is a possibility of temporary retracement to the suggested support line (108.65).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. USDJPY is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
The daily and weekly is in strong buy trend. Going down to the lower time frame the market has just reversed from a bearish to a bullish market. So we are on this trade. We will look for another entry even if stop hits.
USDJPY on strong Key level and its now broken with strong bullish candle.
And now it came down for retesting and created bull candle against key level.so its confirm that it will go up and touch our TP levels.
Suppose if seller pressure high and if it going to down then it will touch trendline support and go up with respect to trendline.
So if you can agree...
The market has provided a nice impulse move towards the upside and came down for a minimum retracement at a 38.2% of fib retracement on a weekly time frame. Going down to the lower time frame the market has shifted from a 4 hr bearish market to a bullish market. So we took this trade with a good 1:2.5 risk to reward
Refer my first trade idea for the full picture.
1.Price has broken swing highs
2. Points of Interest (POI)/Demand zones that sponsored the breaks have been marked.
3.based on how price approaches and reacts to the POI, longs can be taken.
On lower time frames where structure is clearly discernable, we wait for a break of market structure to the...