RaynLim

USDJPY-Weekly Market Analysis-Sep19,Wk2

Giá lên
FX:USDJPY   Đô la Mỹ / Yên Nhật
A bearish bat with ABCD pattern on the daily chart got me engaged in a longer-term trade. A break and close above the previous high was the 1 sign I need to know that this plan is sound and there's nothing to worry about, besides, I have already shift stops to lock some profits for all my USDJPY trade.

Being a conservative-aggressive trader, on 1 end, I wanted to trade more for such a lovely setup, on the other hand, I don't wish to exposed too much risk on any single trade. A simple trading mantra I use, "Every Trader Believe That Trade Is A Profitable One, So Do I." This prevented me from over-exposure from any single trade.

So what I did is to wait for other buying opportunities on a lower-timeframe to engage the trade.

On the 1-hourly chart,
1) long at the base flag and exit at the previous high, then shift stops to entry,
2) a retest with indecision candle and reversal candle to long
3) Deep Gartley
4) Now waiting for a retest of the buy zone to engage.

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

Get into our 15mins workday community
discord.gg/AKDr9vPqH7

Live session & Trading Tips on the GO
www.tiktok.com/@raynlim
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.