USD/JPY trade analysis (unknown)
Kinda late with this analysis, its for a trade i lost.
I had a concrete marekt structure, and with the overall bias of the pair, I was able to concrete my ideas on price going into a downtrend. you can see price also grabbing liquidity below the lows of the market structure (FAKEOUT) and coming back up to take liquidity on opposite end aswell.
Main problem here, I entered the trade with FOMO. I entered with risk working against me, and should placed trade with the market structure in mind, and only trading with taking trades at the open/close highs, to short at the optimum price when it takes it lower, regardless of how much banks decide to manipulate it.
the farther i am from the optimal price, the riskier it is as banks could decide to grab my orders as part of their "Liquidity Run".
I had a concrete marekt structure, and with the overall bias of the pair, I was able to concrete my ideas on price going into a downtrend. you can see price also grabbing liquidity below the lows of the market structure (FAKEOUT) and coming back up to take liquidity on opposite end aswell.
Main problem here, I entered the trade with FOMO. I entered with risk working against me, and should placed trade with the market structure in mind, and only trading with taking trades at the open/close highs, to short at the optimum price when it takes it lower, regardless of how much banks decide to manipulate it.
the farther i am from the optimal price, the riskier it is as banks could decide to grab my orders as part of their "Liquidity Run".
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