USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow

USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow

Point A LH: 109.9 Bearish Wick
Point B LL: 107.9 Bearish Wick
Point C Entry: 108.1 - Did not catch the right entry; I believed that price did not pull back far enough. Mostly because I thought the last LH at 109.7 was not a true lower high. Being the fact that price has close past the last level of support at 107.9 that leads me to believe that the last LH at 109.7 was ACTUALLY a LH. But the best entry we are now looking for will be found after the pullback of the broken support. So we are looking for price to pull back to 108.1.
Point D TP: 107.3 - Since this is not the best entry and we are basing our trade on the H4 TF this is not my ideal trade so we are only looking for the short term push... But I will have 2 trades going, 1 to end off at 107.3 and another to just run to the 105 region.
SL: None

تعليق:

THIS IS THE VIDEO EXPLANATION

05:11