Bastianelton

USDJPY - Buy Idea

Pembelian
Bastianelton Diupdate   
OANDA:USDJPY   Dollar A.S. / Yen Jepang
We're currently in a discount market where we would like to see the market move away from.
We have Sign of Strength when it took out previous highs, now coming down for a retracement.
We have a Liquidity Void (Imbalance) for the market to move Up to fill.
We have a Strong Orderblock that also took out previous lows, and the Orderblock has not yet been mitigated, making it even stronger.
My Entry is at Equilibrium of the Orderblock.


(Be cautious as we are in Summer Doldrums where markets may move very unpredictably, this trade may fail but it's a valid setup).
Komentar:
currently tested the top of the orderblock as expected, we might still get triggered on the entry to mitigate more of the orderblock into equilibrium, and we also have equal lows at 109.114 to get liquidated. But I have this setup on HOLD, in case market structure shifts, which would INVALIDATE our setup. However, if things still look good, the trade will be taken :)
Komentar:
19.08.2021 - unfortunetely my Order never got triggered, and rather touched the top of the orderblock instead. I considered taking the trade at the top of the orderblock, but the risk to reward was too poor, so I rather put my entry at the equilibrium of the OB in hope for a bigger mitigation of it. However, the orderblock reacted bullishly on top of it as expected and flew straight up to equilibrium of the range (red line).
Komentar:
the market also perfectly filled in the imbalance which was our first target. Too bad it never triggered our entry..
Komentar:
IF YOU TOOK THIS TRADE FROM THE TOP OF THE OB WHICH I SAID WAS A POSSIBILITY THEN CLOSE THIS TRADE NOW FOR 2-3R
Trading ditutup: target tercapai:
full TP reached.

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