USD/JPY trade analysis 4/7 (3am-?)
just now
In the overall LTF price is still in a downtrend, and we can see which levels are being respected on the m15 chart.
took in first entry near the previous high where my "orderblock" is.
I then set up a second trade below the low of the order block below m15.
Looked for entries and and manage at first, on 1m-5m-15m charts.
Had bias for shorting based on Daily/Weekly bias. currently in a down trend, and looking for take profit at a strong " high" on LTF , which price more recently revisted on the 29th of march, 12am-2am.
In the overall LTF price is still in a downtrend, and we can see which levels are being respected on the m15 chart.
took in first entry near the previous high where my "orderblock" is.
I then set up a second trade below the low of the order block below m15.
Looked for entries and and manage at first, on 1m-5m-15m charts.
Had bias for shorting based on Daily/Weekly bias. currently in a down trend, and looking for take profit at a strong " high" on LTF , which price more recently revisted on the 29th of march, 12am-2am.
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