USDJPY 1M +5PIPS
Reasons for entering BEARISH
- Other time frames M5, M15 had the overall trend BULLISH, but M5 ad M15 both seemed to start to do a correction (that is what I thought initially). But when I looked at 1H, I realized that actually the overall trend was BEARISH, and that the bullish move of M5 and M15 was actually a correction of that.
- Dragon was moving down
- Green candlestick showed a move upwards, but after that PA failed to break dragon upwards
- Entered on a doji after that
- Currency Strength was showing a strong USD, so it meant BULLISH, but I just ignored it and entered bearish since I saw on 1H that the whole thing was going down.
Reasons for entering BEARISH
- Other time frames M5, M15 had the overall trend BULLISH, but M5 ad M15 both seemed to start to do a correction (that is what I thought initially). But when I looked at 1H, I realized that actually the overall trend was BEARISH, and that the bullish move of M5 and M15 was actually a correction of that.
- Dragon was moving down
- Green candlestick showed a move upwards, but after that PA failed to break dragon upwards
- Entered on a doji after that
- Currency Strength was showing a strong USD, so it meant BULLISH, but I just ignored it and entered bearish since I saw on 1H that the whole thing was going down.
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