USDJPY Short
Hi! I use Auction Market Theory to trade the
markets! For me, the markets have trading too high in
price as seen in that reject of 125.000.
So I use concepts from James Dalton such as long liquidations, short covering rallies, and ledges to determine what the state of the market is.
As of right now, USDJPY has shown rejection at 125, price is perhaps too high for most traders and as a result is trading lower. Right now, I believe price to be in a form good trade between current large buyers and sellers, but eventually that will exhaust. I anticipate that price will reach that 118.57 because that is an area where price
had recently rallied from.
Price will move to seek trades that allow for buyers and sellers to have enough orders between them.
markets! For me, the markets have trading too high in
price as seen in that reject of 125.000.
So I use concepts from James Dalton such as long liquidations, short covering rallies, and ledges to determine what the state of the market is.
As of right now, USDJPY has shown rejection at 125, price is perhaps too high for most traders and as a result is trading lower. Right now, I believe price to be in a form good trade between current large buyers and sellers, but eventually that will exhaust. I anticipate that price will reach that 118.57 because that is an area where price
had recently rallied from.
Price will move to seek trades that allow for buyers and sellers to have enough orders between them.
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