USDJPY high probability setup

10. Okt. 2016

Scenario #1
After yesterday strong bearish engulfing, that engulfed 2 daily candle before.
Today, the market try to retrace and might be testing the key resistance.
if bounce or cannot break the resistance or daily candle closed below this level,
we go short with target to the key support.

Scenario #2
If the daily candle break the resistance...
we will wait and see for a
retrace, confirmation, continuation and possible long.

11. Okt. 2016

Trade ist aktiv

scenario #1 is ON.
yesterday daily candle close below the resistance.
but today, the price is trying so hard to break the key level resistance,

11. Okt. 2016

Anmerkung

today, the price try to break the 104 level..
but fail.
so, scenario #1 is still ON!

11. Okt. 2016

Anmerkung

its happening :) hooray

12. Okt. 2016

Anmerkung

Yesterday, my trade was activated with scenario #1
Lets see where its going

12. Okt. 2016

Anmerkung

ups..

13. Okt. 2016

Anmerkung

bear and bull still fighting on the key level resistance...

14. Okt. 2016

Anmerkung

yesterday, bear win the fight..
price break again the key resistance...

17. Okt. 2016

Anmerkung

consolidating on the key resistance...

19. Okt. 2016

Anmerkung

many traders was trap to go long...
today.. bear might win the day..

21. Okt. 2016

Anmerkung

another consolidation

27. Okt. 2016

Trade geschlossen: Stop wurde erreicht