I changed my username since someone had something similar. My old username was BoredTrader
Hello,
A couple of weeks ago, I made a post that got a lot of attention (9 years trading, feel free to ask me anything). In that post, I talked about why it’s important to grasp the fundamentals, narratives, and positioning. Many people requested a trade example, so if you’re interested, please drop a screenshot of a pair or asset in your watchlist, and I’ll explain how I approach building a position using that example.
I hope this helps, and I’m open to any advice or tips you have for me to improve
Please analyze USDJPY. I noticed the daily lower high has been broken, and the price retraced to that zone. But on the 15-minute chart, there’s a bullish market structure with a recent higher high
I checked TradingEconomics.com and found that the USD is getting stronger while the JPY is weakening. However, Myfxbook.com shows a bearish market sentiment.
@Oli
USDJPY and USDCHF have similar setups. Right now, I think shorting the USD is risky. I’ll come back to this later; I’m in a poker tournament at the moment