Daily chart has seen AUDJPY respecting premium daily levels (rejecting from Daily SIBI).
The idea of this trade is that price has traded up into the daily imbalance, and rejected from it, so I now expect price to seek external range liquidity in the form of old lows on the daily chart.
I want to see bullish arrays get disrespected and bearish arrays respected to then look for m5/m15 bearish displacement for short entry.
The idea of this trade is that price has traded up into the daily imbalance, and rejected from it, so I now expect price to seek external range liquidity in the form of old lows on the daily chart.
I want to see bullish arrays get disrespected and bearish arrays respected to then look for m5/m15 bearish displacement for short entry.
Note
So far nice disrespect of the h1 bullish arrays. likely getting close to an entry now.Note
ISM news has sent this higher. will monitor for now, but nothing so far, and possibly invalidated.Note
price appears to be reversing for bearish continuation. possible entry coming eventually. NZDJPY is weaker and could be the better short.Order cancelled
Reversing my bias here. Looking for weekly highs as next target.
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Email shepthetrader@gmail.com for access to my free Discord.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.