USDJPY 31/1
Long:
Put a long there as it broke the 3M trend, therefore I fine-tuned the zone into a 1M liq line. Pretty risky trade now as it went in the 15M zone again. So the zone itself is touched. Therefore, I am deleting the long trade.
Short:
I am hoping to trade the C leg of this ABC wave down. We see an Elliot wave 12345 followed by an ABC correction and were hoping to see a larger ABC move down again. Entry is on the 1M fine-tuned liq line all the way down from a 4H zone. Negative about this trade is that the zone has been created by a news event.
Put a long there as it broke the 3M trend, therefore I fine-tuned the zone into a 1M liq line. Pretty risky trade now as it went in the 15M zone again. So the zone itself is touched. Therefore, I am deleting the long trade.
Short:
I am hoping to trade the C leg of this ABC wave down. We see an Elliot wave 12345 followed by an ABC correction and were hoping to see a larger ABC move down again. Entry is on the 1M fine-tuned liq line all the way down from a 4H zone. Negative about this trade is that the zone has been created by a news event.
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