On the two hour chart there was a retracement then scaling down on the 15 min for a sniper entry.
I trade GBPJPY only, not only because I love the pair and it's volatility, but it's preparing me for the more institutional style of trading and training for the US30. This is a position in which i used my same analysis, as i would on GJ because the correlation and overall mobility of both instruments is amazing. Here, we can obviously see that was retesting the...
Looking at a possible short sell on GJ. Price broken structure and completed the full retest at the 78.6 Fibb. Will wait for market to open to see if price will make a gap, but price will most likely be bearish for the H1 TF.
Banks are setting up the uptrend very well. Price has broken structure on the Weekly and Daily. Can expect price to test this fibb ext and reciprocal @.550
I do not have any doubts that this pattern will emerge, but I do know that I've seen it on the smaller TFs up until now. If you're in a buy, be patient. Price may drop closer to NY close, but will most likely consolidate for the next two sessions. You have to make the choice to get in on this pair because the bears will bring in the volume and chase those lows....
Will be looking to roll stops and turn into risk free positions once price breaks that major LH point. Pennant forming on smaller TF, giving good indication that price will break out into the 140.100-.125 area. Strong bullish divergence on RSI and bullish candlestick formations at that major H4 support. Targets came from Fibbs and Fibb exp .
ENTRY: HIT IMBALANCE OF PRICE AND IS MAKING HIGHER LOWS! BIAS: GBPJPY IS IN A TRIANGLE PATTERN AND I SEE IT PUSHING DOWN TO THE BOTTOM TREND WHERE I SEE A GREAT POINT OF INTEREST.
Just examined the weekly timeframe, wicks thrown to the upside at a significant zone/resistance, the daily makes the price action more clear as we can identify the sellers are present at the resistance(purple zone) identifying the lower timeframe price action, market came back to a huge liquidity spot, and now momentum has kicked in(as the 15M timeframe bullish...
guys risk management is the secret to success LIKE TO MOTIVATE ME FOLLOW ME FOR TONS OF CONTENT
If breaking 8.15 then follow buy. Tp@ the next VPVR then @10.5-11.0 Stop 7.65!
Tp @261.8% or Tp @next high zone VPVR Stop @ 6.10 !!