LONGS BEFORE WE GO SHORT
USD/JPY 4H - This pair I am wanting to see price go short in longer term as that is the bias for this market based on the the higher timeframes, as you can see at the moment though price is correcting itself.
I want to see price trade us up and into the area of interest above, giving us an area to enter short from. By entering short from the Supply Zone above we are able to get involved in this market with a more refined entry.
This doesn't mean to say we cant enter long before we go short, we just need to wait for price to trade into a relevant area of interest. I have gone ahead and marked out an area I believe price may pullback down and into setting a higher low.
Price setting a higher low from this point will give us the opportunity to take this market higher up and into the area of interest. Its important we just wait for entry confirmation before we decide to trade the market higher.
I want to see price trade us up and into the area of interest above, giving us an area to enter short from. By entering short from the Supply Zone above we are able to get involved in this market with a more refined entry.
This doesn't mean to say we cant enter long before we go short, we just need to wait for price to trade into a relevant area of interest. I have gone ahead and marked out an area I believe price may pullback down and into setting a higher low.
Price setting a higher low from this point will give us the opportunity to take this market higher up and into the area of interest. Its important we just wait for entry confirmation before we decide to trade the market higher.
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