Sup everyone!
Currently we're looking at GBPJPY on the M15 for a nice short entry.
The pair is currently forming a H&S with beautiful chopstick divergence on the TDI.
Again, we're waiting for the Market Makers to move before we move.
First target will be 25 pips from entry, second target will be 5-10 pips above the 00 figure.
Stop will be put above HOD or above structure formation.
Confluences:
- H&S
- TEFA (technical failure)
- TDI divergence
- Speed into Level 3
Currently we're looking at GBPJPY on the M15 for a nice short entry.
The pair is currently forming a H&S with beautiful chopstick divergence on the TDI.
Again, we're waiting for the Market Makers to move before we move.
First target will be 25 pips from entry, second target will be 5-10 pips above the 00 figure.
Stop will be put above HOD or above structure formation.
Confluences:
- H&S
- TEFA (technical failure)
- TDI divergence
- Speed into Level 3
Trade active:
Entered the trade at 11:15 CEST
Currently up 8 pips, going for 27 pips TP @ 146.500
Currently up 8 pips, going for 27 pips TP @ 146.500
Trade closed manually:
Closed with -2 pips as price closed above 13 EMA