SHORT USD/JPY
@ 110.74 - daily pivot S1, 15mins fib 50% & 60%, 4H resistance
AUD/JPY
pp @ 84.75 & 4H resistance at 84.70.
@ 84.50 - S1 pivot, 50% - 60% 15 mins fib, whole number
Sl @ 84.95
p @ 84 or lower
LONG EUR/USD
@ 1.0815 - 4H support, R1 at 1.0825, 200 daily EMA @ 1.0828, 50% fib 15 mins at 1.0830
sl @ 1.0785
p @ 1.0870 or higher
or LOGN EUR/USD - pure 15 mins only
@ 1.0850 - whole number, weekly support, 50% 15 mins fib, daily pivot R2
****as we’re playing with the sentiment from Friday and Asian gapped down, be careful to short at too low as the sentiment might shifts or we might have profit taking to have large rebound.
So only play with it once, we’re already in GBP/JPY.
if we get stopped out, we have to reexamine the sentiment and see whether the sentiment will continue to the NY session or we might have profit taking and retrace to fill the gaps as that’s mostly the case.
- we’re looking to sell USD/JPY at reracement level because the current sentiment is a risk off sentiment and the cause was due to last Friday’s healthcare bill which was pulled by the Republicans. The market is now seriously doubting Donald Trump’s ability and the risk sentiment and dollar wakens should continue throughout the day. Therefore, we can take opportunity to sell USD/JPY at good level.
- The catalyst was last Friday’s healthcare bill which cause market to doubt Donald Trump’s ability for all the future fiscal stimulus plan. The sentiment is most likely to continue and other alternative pair is AUD/JPY & NZD/JPY.
- The existing sentiment is a risk off sneitmnet and is most likely going to continue all the way through the next session.
- The game plan is to sell USD/JPY, AUD/JPY or NZD/JPY at good retracement levels.
- The risk is large swing beyond the retramcent so be sure to only get in at concurrent areas.
- yes but only short at a good courrnet area with daily pivots and fibs.
SHORT USD/JPY
@ 110.74 - daily pivot S1, 15mins fib 50% & 60%, 4H resistance
AUD/JPY
pp @ 84.75 & 4H resistance at 84.70.
@ 84.50 - S1 pivot, 50% - 60% 15 mins fib, whole number
Sl @ 84.95
p @ 84 or lower
LONG EUR/USD
@ 1.0815 - 4H support, R1 at 1.0825, 200 daily EMA @ 1.0828, 50% fib 15 mins at 1.0830
sl @ 1.0785
p @ 1.0870 or higher
or LOGN EUR/USD - pure 15 mins only
@ 1.0850 - whole number, weekly support, 50% 15 mins fib, daily pivot R2
****as we’re playing with the sentiment from Friday and Asian gapped down, be careful to short at too low as the sentiment might shifts or we might have profit taking to have large rebound.
So only play with it once, we’re already in GBP/JPY.
if we get stopped out, we have to reexamine the sentiment and see whether the sentiment will continue to the NY session or we might have profit taking and retrace to fill the gaps as that’s mostly the case.