Price open towards 143.767 - Short Setup!

24 thg 8, 2023

USDJPY

If price reached 146.700, then the whole short setup is invalid.

One potential setup is entry from 145.248 to 145.599 and SL at 145.700

One can enter above premium zone (145.721 above) and place SL on invalidation zone (146.700)

TP at first fibo extension 1.618 target: 143.767

Reason for entry:
* QM Sell Setup
* 4h DBD (potential place for shorts)

If setup fail, entry at premium zone and ultimate SL at 146.700

24 thg 8, 2023

Ghi chú

Trust the process. In case setup fail, I have my re-entry at 146, SL at 146.700 and same TP.

Always manage your risk!

24 thg 8, 2023

Ghi chú

My first entry was SL hit!

Waiting for next entry.

28 thg 8, 2023

Ghi chú

Setup that I laid out last week is invalid. Or too risky.

1. Price didn't react on previously marked drop base drop
2. CSM Sell invalidated by CSAK buy
3. Price broke our QM Sell signal

No reason to go short for now. It's too risky.

Minds: tradingview.com/chart/?mind=pNgT84ZcQmKsUAmAz40prA&symbol=OANDA:USDJPY