BaliVibes

BaliVibes

FX:GBPJPY Long or Short? 1- 1H Market structure is Bullish so a pullback to the Buy Zone (61.8% - 78.6% Fib level + FVG's), wait for 1m Market structure to turn Bullish this would be OFR (Order flow realignment) and confirmation for a bullish Move. Target would be 186.400 for HTF Liquidity/Previous High/FVG. 2- We break Current Low, Bearish Choch, wait for...

BaliVibes

Bullish 1H Choch. Short for the pullback/Higher Low then long. Sensible entry would be to wait for the Bearish choch on the 5m for the pullback but I'm in already, happy to manage risk from this level. Expecting a pullback to 0.64000 levels, 1H/4H Stochastic and rsi both overbought (my guess is the liquidity at 0.63831/61.8% Fib retracement area for a HL then a...

BaliVibes

Short for me, Here is why. Daily MACD, RSI and Stochastic are all overbought with signs of turning. After a strong uptrend we have MACD and Rsi Divergences, buy side momentum has slowed down, Resistance level is holding strong, (Potential) Downtrend channel has multiple bounces, Liquidity to the upside appears to have been taken so for me it's short down to...