not a active trade idea. waiting for London opening to see the London breakout.
I think GBPJPY will sell off for the London break because there is a large gap that needs to be filled. Also its coming off a supply zone on a higher TF.
I only enter during the start of London session.
looking to short GJ for London, if it respects the supply its in currently.
waiting for the break and retest confirmation after supply is respected
should be a great 80 to 200+ pip move depending on structure set up
bad time to trade Asian session...
Should be a good time to find entry for London.
Overall outlook is long, all its doing ins forming structure on lower time frames. coming off a monthly demand currently in higher time frames.
if qe see a break of structure on 15min GBPUSD will have a nice 150+ pips
lots of liquidity & imbalances above.
currently at a daily level, however would not be a good idea to long yet without BOS confirmation (break of structure)