JPY Short still

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Looking at a newly formed possible agreement line, I'm thinking it will bounce back to the trend line from support below, then react and charge down to the next level below. Short tool to show where I'm looking to enter, with stop as a hedge Incase the idea is rejected and we reverse up instead, but I think we may have to go to the next level down before the reversal is seen for longer term

٢٨ مارس ٢٠٢٣

ملاحظة

Watching more than ready for entry. If price closes the day at the line, it could test the highs before coming back, passing the tools marks, but once it comes back (like a pop and drop) then entry will be taken close to the numbers shown with the short tool and should be fairly safe to hold down. If the entry isn't taken but we go suddenly, no fomo, just watch a retest of the line at the lower level for a retrace and go

٢٨ مارس ٢٠٢٣

ملاحظة

Looks like a close of the day on the line. Zooming out a bit more, we are close to a much longer time frame trend line that just continues a similar pattern each touch. The trade is a bit of a moderate risk level, but the factors make it a higher probability outcome, just want to me mindful of a little sway around the recent highs because we have a lot of two attention right now, traders wanting reversal, and traders looking longer to keep the overall going, and higher time frame has a lot more money moving it, so factors look to be on our side here with careful entry

٢٨ مارس ٢٠٢٣

ملاحظة

Longer term trend line lines up better on the 131.2 2 level right now, so it may be a better place to get entry to the target

٢٨ مارس ٢٠٢٣

ملاحظة

Not looking promising for the lower entry, price is in a channel that's fairly tight, could continue this angle up to 131.2, the level in line with the overall trend line zoomed way out

٢٨ مارس ٢٠٢٣

ملاحظة

Yes, looking like it will basically make a "staircase" up to the 132.2 then bam is what I'm thinking now. 4-5 steps I'm thinking, I've seen this before... 5 minute chart

٢٨ مارس ٢٠٢٣

ملاحظة

Next step is 131.1, then 131.15, and then finally 131.2, where the entry should be

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تم حذف الأمر

Going for the higher entry in a new idea