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Road_2_Funded
15. Okt. 2023 09:02

USDJPY - Long Trade Idea (ICT) Long

U.S. Dollar/Japanese YenFXCM

Beschreibung

Based my bullish bias for the US Dollar (DXY), I am expecting USDJPY to head higher as well.

Last week price traded to a clear 4-hour Order Block before retracing and ending the week. Now there are 2 general areas where I expect price to move higher from and create new highs.

1. There are a few PD Arrays with my interest in this area, most of them overlapping. At the very least, I am anticipating the 8-hour Bisi to be traded into, and possible digging into the 45-minute Bisi and subsequent Order Blocks below.

2. There is an Order Block with a 2-hour Bisi in this zone. I could permit price to come into this area if price action was slow to get there, or if it were fast to get there I would allow for a sharp rejection.

- R2F

Kommentar

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