London started with fireworks and despite the quick movement we entered a quick limit order at the 618 fib retracement of UJ using our ATR SL placement. It got hit and is moving quick! lets see if it continues
Similar to GU idea, NU has also retraced back to a nice lever for buyers to come in both on smaller and higher timeframes. Lets see if dollar can show some weakness for both ideas to play out accordingly
Based off previous cycle fib-measurements and projections, I believe the top will likely occur in September 2025, with a maximum approximate price of $13,620 (within the $13,000-$14,000 price range)..
Lets see if this ages line fine-wine .. Check back in a few years ;-)
Price in a clear uptrend with GBP showing overall market strength. Price is moving quickly and I had to hurry and set a 618 limit buy order that got hit before I knew what was going on! Lets see what happens. Looking for at least 2R to start the week
Let’s see if this relative 618 level holds as it is also backed by structure it is usually one of my most consistent setups. If it doesn’t and price continues uptrend the next best place to enter would be the bigger 618 from the very bottom of the consolidation
NJ and AJ seem to be the last pairs to want to join JPYs downfall, this could either mean we can expect a pullback on all JPY pairs or that its simply late to the party and still gathering volume for a bigger push up.. not sure, but decided to test this hypothesis by entering a limit buy order at the 618 which was just hit. SL used was our ATR formula for a...
There it is so price has pushed down towards the bigger 618 from the very bottom of the consolidation and we must add and entry here so that if price is going to follow through on the uptrend we can capitalize using a solid setup
Last call for UJ shorts going once, going twice...
Playbook Setup: 618 Sell Limit Active
Probability of Success: 50%
Last entry for Asia session and it lines up with our bias from prior playbook setups (although we try to treat each and every opportunity independent of other ones).
KEY POINTS
- Maximum risk exposure met(3R) for ASIA so we will set SL and TP...
Using half of our profit from last trade, we will go for another 2R on this last setup of London. Price has yet made another playbook setup and we must heed by our trading plan and take it.
We have taken far more entries during ASIA/LONDON than we anticipated and although they were all profitable, taking these many entries is NOT what we recommend. Psychology...
After dropping more than 100 pips in such a short time, USDJPY is destined to fall to its death right?.. well, not exactly..
HIGHER TIMEFRAME ANALYSIS SUGGEST THE BREAK OF A DOWNTREND WITH PRICE FALLING SHARPLY TO THE 618 RETRACEMENT LEVEL OF THE HUGE IMPULSE MOVE MADE LAST WEEK.
I KNOW, I KNOW.. BASED ON LAST SETUP, WE ARE SUPPOSED TO BE DONE FOR THE NIGHT, AND...
GBPJPY on the 4h chart retraced eperfectly at the 0.618 Fibonacci level exactly at the 169.900 at the previous higher low level.
The price is now trading above a minor support and the actual lower low lower high move has been respected.
How can i approach this scenario?
I will wait for a possible break of the support and in that case, i will consider a nice...
