GBPJPY, Waiting to see what price does at the 156.850 area. I would like to see price come back up to take out the highs @ 158.180. But we will see what type of rejection we get at 156.850 and then decide to go short. If price breaks below 156.000 I will send another analysis due to it falling hard and making this analysis irrelevant.
We had a BOS to the downside so this will be out 1st retracement to this OB we are looking to enter a sell position from the refined OB and trade to the downside with a target at the Low of the range potentially targeting the un-mitigated price zones below this current range. NYC sentiment is bearish so we'll see how it plays out tomorrow.
GBP/JPY looks like its in for a ride on the trend line break. Followed by this we have retraced 61.8% into 156.700. With this in mind and a combination of market structure forming lower highs and lower lows I do expect multiple rejections on 156.7 forming a lower high bringing in an opportunity for shorts into 154.5. in order for this to be valid, as mentioned we...
The market been hazy lately, but most predict that GJ is heading to 155.0 again.
What do you guys say? Is it done ranging?? Or we might see it continue? 🐱🏍🐻✔😜💰🔥💰🔥💰💰
LET'S GO!!! Secure the bag! 💰💰💰💰🔥🔥🤑🤑
GJ if breaks the level, will go up to weekly resistance
Targets on Chart
Be carefull, patient and discipline.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and...
Just a quick mark up. Looking to buy but we'll see how it plays out. Might update as the week goes on. It's been bullish for a while now, might break to 160? Did some fibs to determine different support zones.
This trade was taken during Pre NY volume. Entry was taken at the close of the Bearish 30m Candle. We saw that the next candle closed bullish which meant there was a high chance price would have continued to push up and this is where I managed my risk. I closed 50% of my overall trade to minimise my potential loss. I did this by using Magic Keys.
Once I closed...