RWL rejected the price 5 times with big volume before Nyo. After that, price starts going up. A green candle out of the dragon gave me the entry signal, with exit at the round level 110-
USDJPY +6 RWL rejected the price 5 times with big volume before Nyo. After that, price starts going up. A green candle out of the dragon gave me the entry signal, with exit at the round level 110- {image}
Ignored
Took the same. Closed +15 when price trading into M15 dragon.
Reasons for entry:
- Price broke weekly mid low resistance area with noticeable volume
- PA making higher lows
- Price bounced up from dragon with big volume
Joined Mar 2016
|
Status: Senior member
|1,279 Posts
USDJPY M1 +5PIPS SHORT
- Series of candles with notable volume that were not able to break the 108.700 level (coincidentally that was also more or less the same level as the 25 wgt)
- So based on this fact I just waited for a new low with notable volume and entered on a retrace
Got my target and exited.