Assuming price action moves down into the 98.11 area, I will be an interested buyer in that range. If this setup occurs within the next couple of days, I will take this trade with a Binary Option. I will select a weekly expiration to show how these can be used to put time on my side. The next screen shot are the current weekly Binary Options available for the Usdjpy pair.
Ideally I would be looking for an entry around the 98.00 level. If you look down towards the bottom of the next screenshot, there is a Binary contract available at 98.25. If you look to the right, the expiration is Sept. 13th (Friday the 13th!).
This means that if price action comes down into my area of interest...and I purchase this particular Binary Option...then I have until Sept. 13th for price to move up and out of this area. The strike price on this option is 98.25....This means that if I hold the option until expiration (Sept.13th), and the Usdjpy closes above 98.25 at 3 pm on Friday, then I win the trade.
hi.. i found your analysis is very good...may i know what volume indicator u use? i am interesting to learn about your supply demand and volume technique if u dont mind
