Hi All,
here we have the USDJPY on a 4HR time frame. As you can see we have a downtrend indicated by the RED trendline on the DAILY. On the 1HR we have a 1 2 3 move or an IMPULSE PULLBACK IMPULSE move.
Entries could be placed at the LOWER HIGH on the BEARISH ENGULFING candle if wanting to trade a 1HR time frame, for a more conservative trade drop down to a smaller time frame.
Good luck and trade safe
L
** THIS IS NOT FINANCIAL ADVICE, THIS IS FOR EDUCATIONAL PURPOSES ONLY AND THAT OF MY OWN OPINION, ALL FEED BACK IS WELCOMED **
here we have the USDJPY on a 4HR time frame. As you can see we have a downtrend indicated by the RED trendline on the DAILY. On the 1HR we have a 1 2 3 move or an IMPULSE PULLBACK IMPULSE move.
Entries could be placed at the LOWER HIGH on the BEARISH ENGULFING candle if wanting to trade a 1HR time frame, for a more conservative trade drop down to a smaller time frame.
Good luck and trade safe
L
** THIS IS NOT FINANCIAL ADVICE, THIS IS FOR EDUCATIONAL PURPOSES ONLY AND THAT OF MY OWN OPINION, ALL FEED BACK IS WELCOMED **