USDJPY long trade
Pre-Analysis:-
- Yen futures show weakness with buying climactic bar (bc) accompanied by ultra high volume.
- USDJPY pair shows it was in uptrend. Any pullback could be potential entry for a long trade.
Entry:-
- As Yen show weakness, than I choose USDJPY for a long trade.
- USDJPY on 15 minute timeframe show selling climactic bar (sc) and also no supply bar (ns) after that.
- It can be use as entry point.
- Time of entry:- 10:00am
Post Analysis:-
- Chart above as at 20 Oct 2021 (2:46pm)
- First trade can be manage to get at least 1R profit.
- Second trade probably a loss trade.
- Third trade show profit. Final profit/loss will be updated base on market condition and signal.
- Update on 21 Oct 2021 (3:11pm), chart below:-
- This trade did not work.
Alternative Trade:-
AUDJPY long trade
Date: 18 Oct 2021
Time: 8:30pm
- Chart as at 20 Oct 2021 (2:49pm)
- Currently at 9.2R profit.
- Update (21 Oct 2021, 3:07pm), chart below
- Max profit of 11R
- Try to get this kind of trade.