rluu92

GBPJPY Weekly Income S&D

FX:GBPJPY   British Pound/Japanese Yen
HTF             - Weekly - Low on curve, however price hit HTF             SZ in equilibrium and momentum looks to be going sideways
ITF - Daily - slight uptrend, however price is starting to base out, beware of sideways action
STF - 4H - S&D levels

Red zones are possible sell areas, watch arrival, if price bases not leaving 3:1 then trade is invalid. But if price shoots into zone quickly then watch price action in zone and look for weakness for a confirmation entry.

All star entry
-countertrend trades
-Bollinger band 20 dev
-when price pierces the top BB into a SZ then sell, T1 is 20 MA
-when price pierces the bottom BB into a DZ then buy, T1 is 20 MA

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