by GABRIJEL S, February 1, 2021
by GABRIJEL SLISKO February 1, 2021
USD/JPY
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Long
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H4
H4
supply & demand, elliot wave
price has room to go higher to fulfill the perfect 3rd wave in terms of elliot (1.618 extension). anyway, plan is to rejoin with buys after correction-1st possibility to come to the fresh demand at around 104.400. 2nd possibilty to retest the falling TL (purple)
set and forget at the levels, no watch for confirmations (aggresive)
split your risk at the levels (hlaf of risk at 104.400, half of risk at retest of TL)
not blindly jump long-wait until the mentioned levels are reached.
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I like this idea. I’m shorting the pullback before the long.
appreciate. of course, but keep an eye on the H4 it is entering now the supply zone from left but i would try to catch a higher price for selling. or at least wait the pullback to happen to rejoin the main trend.