Q4 has started could be the beginning of a trend?
Price will be pulling back to the last week OB then Fall. very good opportunity to swing as Q3 imbalances are gonna be filled until its reaches the 152.50-151 OB.. however the overall trend is bullish from a postion trading mindset.
The 20-day ADR was missed on Thursday and Friday. Moreover, the 20-week AWR was missed as well (both upside and downside). Price expansion is much expected next week. I am still bearish GBPJPY hence I am looking for bull traps at the levels I have illustrated on the chart
Expect updates in the trading days next week in reference to this post.
We also have a potential bear cypher setting up here on thw 1hr.
IF it completes I will be looking to take T1 @ the 382 roll my stop to BE &
look for T2 @ the completion of the bull bat I shared moments ago.
Stop above X
T1 @ 382 of C to D
T2 @ Bull Bat Completion