Hello Traders!!
We have seen USD gain momentum over the Yen these past couple of months and has left quite an enormous fair value gaps or imbalances, but of late we have seen a clear formation of a bearish intent on the Hourly timeframes which has caught our attention in anticipation for the next bearish impulsive leg to the down side.
Also we have seen a clear supply zone with further candle stick confirmations and chart patterns before taking this trade, as this is completely necessary to give us a strong conviction and logic as to why we are going against the trend. That being said we look to clear the previous Low and Target the Imbalance below it.
Cheers!!
Under Cover Trading
Swing Trading Simplified
We have seen USD gain momentum over the Yen these past couple of months and has left quite an enormous fair value gaps or imbalances, but of late we have seen a clear formation of a bearish intent on the Hourly timeframes which has caught our attention in anticipation for the next bearish impulsive leg to the down side.
Also we have seen a clear supply zone with further candle stick confirmations and chart patterns before taking this trade, as this is completely necessary to give us a strong conviction and logic as to why we are going against the trend. That being said we look to clear the previous Low and Target the Imbalance below it.
Cheers!!
Under Cover Trading
Swing Trading Simplified
