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USDJPY H4 TF: U may read thr instruction in the picture about the confluence signals to long USDJPY. There are 4 signals to long this pair, But...
But... Same as in EURUSD, We may notice the sell setup as well. After forming a H&Sh pattern at the Conflunece Resistance zone Price has broke the neckline of the H&Sh pattern and now with buy signal we may retrace to the broken neckline. And by forming a Sell signal at the D point of Cypher and by testing the broken neckline of the H&Sh pattern we may continue our DownTrend movement.
As in EURUSD I will try to get use of both Buy and Sell setups
7 703 hours ago
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10 5326 hours ago
You win some, you lose some. EURNZD short stopped out for a 1% loss. In hindsight I could have waited for a little more deceleration and/or price to reach top of structure before entering, but I had my reasons for taking the trade when I did and stuck to my analysis.
You’ll never get it right 100% of the time, and be very cautious of traders who never show their losses! It’s completely fine to lose trades - learn something from it if you can and then move on to the next one.
Hope everyone is having a good weekend so far!