{quote} Your sreenshot 1. It reminds me that I had Master Tankk fix Master Kalenzo's code before. Candle lookback fill colors. Maybe i should ask Master Tannk to add Shift option {image} https://www.forexfactory.com/thread/...4#post15075164
- #91,721
- Nov 6, 2025 3:43am Nov 6, 2025 3:43am
- Joined Jun 2024 | Status: Still Learning | 2,853 Posts
- #91,722
- Nov 6, 2025 3:47am Nov 6, 2025 3:47am
- Joined Jun 2024 | Status: Still Learning | 2,853 Posts
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The short-term trend is clearly bearish. I am not considering any long positions, unless it closes, at least on 1H, above 153.850.
The fact that it could not close above 154.280 even with the positive news yesterday, it shows to me that the DXY has lost it's bullish momentum. The switch to bearish momentum is starting to show on the 4H USDJPY as well (SMI), so the path of least resistance, is definitely to the downside.
The problem could be that the JPY index is not that strong either, which combined with a weak DXY would lead to a sideways movement in USD/JPY which is the worst outcome. Let's see what the US session will bring to the table
The fact that it could not close above 154.280 even with the positive news yesterday, it shows to me that the DXY has lost it's bullish momentum. The switch to bearish momentum is starting to show on the 4H USDJPY as well (SMI), so the path of least resistance, is definitely to the downside.
The problem could be that the JPY index is not that strong either, which combined with a weak DXY would lead to a sideways movement in USD/JPY which is the worst outcome. Let's see what the US session will bring to the table
- #91,725
- Edited 8:11am Nov 6, 2025 7:50am | Edited 8:11am
- Joined Jul 2024 | Status: Trader | 138 Posts
what about this? SL hit.... If anyone can tell where i went wrong ,please reply to it. {image}
I would suggest using an indicator that identifies trend, and get off the 5min chart. Best of luck my friend!!!
Be kind and trade safe Y'all!
- #91,726
- Nov 6, 2025 9:14am Nov 6, 2025 9:14am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
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- #91,728
- Nov 6, 2025 9:55am Nov 6, 2025 9:55am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
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Until now, the bearish scenario played out well. If it wants to bounce, this would be a good place for it, as we are hitting the trendline started early October before the big gap up. If it does, I am still thinking it will be limited to 153.380 or 153.700 max.
If it will close below 152.900 on the 4H, I will be targeting 152.200 & 151.600 as next possible targets.
If it will close below 152.900 on the 4H, I will be targeting 152.200 & 151.600 as next possible targets.
- #91,734
- Nov 6, 2025 10:48am Nov 6, 2025 10:48am
- Joined Jun 2012 | Status: Trader | 1,452 Posts
To be honest, I'm also including the graph I posted a few weeks ago showing the expansion X W1 K1 and the probable future point W4...but if it goes down from here then it will close the gap...may be :)
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- #91,737
- Nov 6, 2025 11:57am Nov 6, 2025 11:57am
- Joined Jun 2024 | Status: Still Learning | 2,853 Posts
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- #91,738
- Nov 6, 2025 12:03pm Nov 6, 2025 12:03pm
- Joined Jun 2024 | Status: Still Learning | 2,853 Posts
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- #91,739
- Nov 6, 2025 12:31pm Nov 6, 2025 12:31pm
- Joined Jun 2024 | Status: Still Learning | 2,853 Posts