Most of the Yen pairs are at a good confluence level for the Bear to make another move towards the downside. Especially for AUDJPY and EURJPY has formed good setup based on my own trading rules. But still, i decided to not enter the trade.
Reasons,
1. AUDJPY, I am already in a AUDSGD short trade so I decided not to "top up" my position since the AUDSGD trade is still not riskfree.
2. EURJPY has a even better setup from Weekly timeframe perspective while Daily setup looks good but its still short of meeting 1 of my setup rules so no trade.
I think most of the Yen pairs, Weekly timeframe setup has got very good potential. Also, I am keeping an eagle eye on USDSGD and USDCNH for a Short trade. I see huge potential if the price action develop well and according to my anticipation. #excitedddddd
Reasons,
1. AUDJPY, I am already in a AUDSGD short trade so I decided not to "top up" my position since the AUDSGD trade is still not riskfree.
2. EURJPY has a even better setup from Weekly timeframe perspective while Daily setup looks good but its still short of meeting 1 of my setup rules so no trade.
I think most of the Yen pairs, Weekly timeframe setup has got very good potential. Also, I am keeping an eagle eye on USDSGD and USDCNH for a Short trade. I see huge potential if the price action develop well and according to my anticipation. #excitedddddd