USDJPY | Perspective for the new week | follow-up details

After taking advantage of a huge bearish momentum that gave us over 250pips move last week; what is my plan against the new week?

See the link here (last week's follow-up detail) for reference purposes here 👉🏽👉🏽

08:15

Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.

Handel aktiv:

We might not be waiting that long for the bearish momentum projected. Since the beginning of the week, the price appears to have rejected the 133.600 level and has since been oscillating right below this level. Let's see if we are going to have a second breakdown of the 133.350 the second time to be thinking of selling.

Good Morning

Handel aktiv:

Triggered

Handel aktiv:

Since the beginning of the NY session, the price has continued to reject the 132.550 level hence it's appropriate to lock in some profit or move stop loss to break even at this moment to avoid losing the profit made so far.

Handel aktiv:

I was taking out of my position with close to 50pips and now price is back into our entry zone which is at our level at 133.350. Now, let's wait and see how price will relate with this zone on the lower time frame to either join the downtrend or wait for a future structure.

Good night

Kommentera:

selling window identified in a lower time frame (15mins) with the 61.8 and 78.6% retracement of the previous impulse. Let's watch of structure that supports a trend continuation downwards.

Kommentera:

Lets wait and see

Trade stängt manuellt:

I got stopped at break-even as the price broke out of neckline to the upside to negate the bearish momentum at this juncture in the market.

Good morning

Handel aktiv:

I am looking for a reversal pattern now as the price is within my selling window. Let's see what happens.

Good afternoon friends

Kommentera:

I am still patient on this one. Since we are still within the sell window at the moment, the appearance of a reversal setup here is still likely to send the price to the downside - However, if we witness a breakout/retest of the bearish trendline (red line) then I will be switching to a bullish expectation.

Good morning

Handel aktiv:

I am beginning to see selling traction as price tests 135.500. Will this turn out to be a double-top structure?

Good morning

Trade stängt: Stopp nått: