How To Catch And Trade Forex Reversals Easily
Markets reverse because of changing economic sentiment.
That's the easy part. Managing your entries/exits is what needs overall care.
Get consistency with this approach.
That's the easy part. Managing your entries/exits is what needs overall care.
Get consistency with this approach.
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USDJPY getting whacked on 50BPS cut.Catatan
Consider trail stops on shorts around key moving average areas.
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Level two for shorts hit over night, second round of gains lockable. Take it.Catatan
Labelled diagram:
Exited once at early Ma's, re-shorted and exited again.
Momentum is Risk Off this Morn and pulling USD up VS JPY.
Would hold off any new shorts until new highs beaten as per video.
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Moved higher as expected on Yen weakness.
BOJ seemingly happy for a further retracement. Do not think they will allow re-hits on highs. Defeats all previous objectives.
Space out entries.
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BOJ Sentiment to understand for Monday open:
No real forward guidance, but looking ahead it seems Q4 may bring a return back to normalisation (hiking) 25-50 BPS.
Does not seem that there is real concern on inflation and indeed normalisation at an extreme pace. Likely we may see drifts on Yen pairs temporarily before a continuation as mentioned in video (Global economies dropping rates, Japan hiking).
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Weakness into London not massively threatening -
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Early short zone reached (slap onto 20/40MA).
Leaving shorts further higher up on more retracement (potentially).
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Momentum with USD.
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Exit shorts for gains, see above ^
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No real impetus higher into Monday. Still subdued.
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Be careful on longs, JPY inflows as a safe haven are abundant.Catatan
Risk On Environment (Rebound)
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Long side TGT reached. Keep an eye on JPY Sentiment out of BOJ. Dovish rhetoric coming in causing yen weakness.
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Kill all longs at TGT>
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Still no real kickback, would not be surprised if we drift to higher MA's.
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Momentum still supporting upside. Brace Pre News,
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Slowly Rising.
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Still room to go to upside. No need to slam in for any shorts.Catatan
Key levels being reached (still low risk entries)
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.