USDJPY Short Idea

8 Eyl 2021

We are Currently in Premium, testing a Bearish Orderblock in the form of PDA. Inside this Orderblock, we have a new orderblock from which price moved rapidly away from as well as it took out previous high, which validates the OB. Price Manipulated the Previous Highs with a long wick, making this a Smart Money Reversal. We have a lot of FVG and EQL (SSL) to fill in. As another confirmation, we expect a retracement down as we have an overextended W, which should attract the market to move downwards.

If the price should reach there, I'm looking to scale off some profits at around 110.077.

Two possible Scenarios,
One entry (main setup), it's a lower entry so more likely to get triggered.
One entry at Equilibrium (CE), which has way better Risk to Reward but is less likely to get triggered. (however, LTF created lots of imbalance inside the new OB, which could definitely get filled)


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Confirmations:
- In Premium
- Orderblock INSIDE bigger Orderblock
- Manipulation of the High
- FVG & SSL Targets
- W formation Retracement

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My ONLY Concern for me is that we have a lot of News today which could impact price to move the other direction.
This may fail, but at least I'm not afraid to show my risk to reward box BEFORE it happens, unlike 95% of everyone on this platform.
If it fails, I still have a strong belief that these FVG and SSL level will get filled soon, and I'll still keep them as targets for future trades.

8 Eyl 2021

İşlem aktif

Sell limit got triggered at entry, currently 18 pips in profit straight away. We might see more mitigation of the OB, but as of now, it was a great entry

8 Eyl 2021

Not

Update on the trade, it triggered my Sell Limit at Equilibibrium (the red line, setup 2 to the right). Nice reaction, currently running in 2R profit

9 Eyl 2021

Not

GO RISK FREE ON THE TRADE, since i took the trade from Equilibrium i had almost no drawdown and now running in 4R profit. Closed some parials letting the rest run. If you took this trade, good job!

9 Eyl 2021

Not

TP2 reached at the second FVG. currently 4.58 R in profit !

9 Eyl 2021

Not

5,3R reached, closing 30% of the postition

9 Eyl 2021

Not

Currently rejecting at 8.72R, closing 20% of the position, letting the rest run with SL at 4.5R in profit if the market should retrace back

10 Eyl 2021

Not

Closing my whole position at 109.729 as it looks like we are rejecting to the upside. Weird it never went for the ultimate target at the SSL, but I'm 100% sure we should reach this level very soon, which is why I'm still keeping it as my downside objective. Beautiful trade whatsoever at around 10 R !! If anyone took this trade when I posted it, congrats !

15 Eyl 2021

Not

FULL TARGET REACHED at 11.26R Reached !!

If anyone took this, congrats :)


(for those who were wondering, as I explained in the analysis, there was two risk to reward boxes on the chart, one to have a lower but safer entry, OR one entry a bit higher up with a better Risk to Reward. I personally took the "Possible Sniper" entry at 11.26 R. So don't get confused about It being another entry if the market comes back up to the level.
IF THE MARKET COMES BACK TO THIS LEVEL, DON'T ENTER AGAIN

14 Haz 2023

İşlem kapandı: hedefe ulaştı