Good London session forex friends! What do you think of this entry on USDJPY? Did I enter too early? Would you have entered earlier or later?
On H1 the trend is down. It retraced to the 61.8 Fib ret. into a Role Reversal and DM2 pivot.
61.8 predicts at least a 121.4, confluent with DS2.
The play is consistent with the DPP-DS2 for the day.
On M1 I entered at 61.8 of the engulfing move. It could do a 1-2-3 at the 61.8 or a double top. It went higher that the 61.8, retraced to 100% and double topped. That’s fine as long as it doesn’t make a HH. My stop is above the previous high of the double top.
Stoch on M15 wants to fall, on M5 is cycling down and I entered at a roll over of the 1M stoch.