Overall bearish outlook on UJ, if structure gives short term buy signals, there may be buy opportunity early next week into continued sells.
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UJ Long Idea
Expectiing price to return to novice zone after breaking strucuture. smaller timeframe has shifted externally and internally.
Risks: Small timeframe buy in a higher timeframe bearish trend. Entry is at asia low liquidity (however asia highs and lows appear protected for JPY pairs)
Profit target is the asia high within novice zone
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Trade active. 2/21 is a US bank holiday. low volume.
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Added to position with tight stop due to shifts on 1 minute timeframe.
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Initial positions stopped out at mitigated SL. re-entered with tight SL
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Last try on UJ idea. Do not like how many times i re-entered this trade. next time just let original entry and risk play.
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UJ shifted externally off POI. Watching for internal shift, most likely will be bullish during Asia session.
Risks: There is an imbalance void below this POI, idea is that price will clear upside liquidity before filling it, however price could chose to clear this instead.
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UJ short idea
Structure fulfilled POI fulfilled (RTO) Liquidity fulfilled Protocol fulfilled
Trade justified
การซื้อขายยังคงดำเนินอยู่
Trade active
การซื้อขายยังคงดำเนินอยู่
1st TP hit
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Price is ranging, SL moved to above structure.
ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน
Nothing lost here as you hit prop trading challenge profit goals.
However SL placed prematurely. Wait for a mitigation and a break of structure before placing stoploss. Your first take profit is what gives you the leeway to let price breathe.