RaynLim

USDJPY-Weekly Market Analysis-Nov19,Wk5

做多
FX:USDJPY   美元/日元
If you have been following on my trade analysis, you should know that I'm waiting for a buying opportunity on USDJPY for a trend reversal trade.

There are 2 strategy that I am waiting for to engage the trade.
1) Bullish Shark on the 4-hourly chart
2) Deep Bullish Gartley on the 1-hourly chart

As the level is close to each other, I chose the Bullish Shark setup on the 4-hourly.
The reasons, for this reason, is as follows:
i) I spotted the bullish shark pattern weeks before the forming up of the bullish deep Gartley on the 1-hourly(Trade what you see)
ii) the forming of the deep Gartley pattern broke 2 of the critical rule on Point D completion(if you learn from the right school ahem.. you should know, if you truly don't, then the source of your information may be way off)
iii) reward is to risk ratio of the bullish shark is way better than Gartley - well this is not the reason why I do this, but to many, this might be, not here to judge but I see that the 1st 2 reason is more important. Simply mean if I spotted the deep Gartley first and none of the critical rule is intact, I will trade base on the deep gartley target.

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

Get into our 15mins workday community
discord.gg/AKDr9vPqH7

Live session & Trading Tips on the GO
www.tiktok.com/@raynlim
免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。