Current32sa

50/50 buy or sell Waiting on Price action

OANDA:GBPJPY   British Pound / Japanese Yen
Several confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes.

Waiting for the break of support or Resistance on 1 hr
The retest of Support/Resistance on the 1-hour candle or Higher Time frame
2 consecutive 15 min candles in initial breaks direction


Projected Entry for Buy
EP 142.060
SL 141.563
TP1 142.487
TP2 143.239
TP3 142.487



Projected Entry for Sell
EP 140.778
SL 141.275
TP1 140.610
TP2 140.036
TP3 139.645
TP4 139.332


I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action.

Also to add... it's not uncommon to hit TP1 in one direction and TP4 in another. This is not an either or signal. I will take priceaction in either direction.

How to read my chart
TP's are marked in Green
The zone is marked Orange
hover over note pins for price action Entries
Comment:
TP2!
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.