Ysterday had a nice target hit, just as expected
Didn`t plan to trade today, but just looking at different charts find a nice opportunity on Eur/Jpy.
Yesterday at NY session price hit the daily and 4 h orderblock witch is also institutional suppor level 138.80
Were waiting for retracement to jump in after centralbank dealers range deviations and looking for coincidence of different tools.
So price came down two CBDR deviations on support level 139,50, where is 1H orderblock and daily central pivot point.
For approval, I used rsi for divergence and P.sar showing trend change to bullish.
Yesterday`s Bearish move into orderblock is also a smartmoney`s buy model, where i took a fibo expectations for profit levels.
First profit on 100%(139,80), move Sl to break even, second on on 127%(140.10) and last one on 162%(140,50) next key level.
But because its friday and Usa has big news coming out, I think I`m going to make it a fast scalp and close it before the news are coming out, or leave a very small portion on. Thats my plan.
Good Day and Good Trading
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