GBPJPY SHORT CLEAN TRAFFIC, 30M CLOSED BEARISH, 8AM EXPECTING VOLUME COMING IN FOR LONDON CLOSE BROKE THE KEY SUPPORT.
DAILY PINBAR REJECTION DAILY WICK CREATED IN ASIAN/PRE LONDON 30M/1HR/4HR CLOSED ABOVE HIGH CHANCE TO FILL RANGE.
GBPJPY- 60 PIP SCALP 4HR LIQUIDITY ZONE 133 PSYCHOLOGICAL LEVEL 133.000 INSTITUTIONAL LEVEL BEARISH STRUCTURE ON 4HR 4HR LIQUDIITY ZONE ALSO.
BREAKOUT OF 4HR TRENDLINE RETEST TL+SUPPORT NICE R:R BULLISH BIAS ON USD.
TREND LINE 2X INTESECT MAJOR DAILY SUPPORT LINE UP TOO THATS 3 CONFLUENCES. ALSO 3RD TOUCH DAILY TREND LINE AND RETESTING THE BIG DAILY BREAKOUT OF THE DOWNWARD CHANNEL. SETUP REQUIRES PATIENCE MAYBE 1 WEEK TO FORMULATE. KEEP IT SIMPLE.
FIRST REACTION ESTABLISHED (100+ PIP SELL OFF) THE HIGHLIGHTED BOX IS PERFECT ENTRY FOR SHORTS 4+ CONFLUENCES LINE UP 61.8 FIBS 2XTL INTERSECT AND LOCAL RESISTANCE ON DAILY.
WAIT, OPEN UR EYES. EU IMPULSIVE TODAY, WE BREAK MAJOR 4HR TREND LINE HOLDING THIS DAMN THING UP. SO.. WAIT FOR RETEST OF THE TREND LINE + RESISTANCE CONFLUENCE TL+RES, 2 CONFLUENCE IS OKAY, ANYMORE AND PREPARE TO BUY UR LAMBO. ORANGE BOX IS SELL ZONE.
TL BREAK RETEST 4HR TL SUPPORT SUPPORT ADDITIONAL CONFLUENCE CAUGHT THE FALLING KNIFE HOPEFULLY HOLDS, VERY GOOD RR SINCE THIS COULD BE ENTRY FOR THE NEW CYCLE
BREAK OF TREND LINE RETEST TL+ SUPPORT RECENTLY BULLISH MOMENTUM (SUPPORT IS A FAIRLY STRONG 4HR ZONE ENTERED ON THE WICK INTO THE TL+SUPPORT) (NOTE: THE TREND LINE WAS DRAWN ON THE 4HR AND RESISTANCE IS 4HR ALSO) I USED SMALLER TIME FRAME TO SHOW THE REACTIONS ETC
ONCE TOUCHES GREY BOX WILL ENTER MANUALLY OR BY A PENDING 2XTL + SUPPORT
TL RETEST KEY DAILY RESISTANCE PATIENCE UNTIL HITS THIS AREA
SIMPLE TL + SUPPORT SIMPLE EXPECT AT LEAST 20/30 PIP BOUNCE AGGRESSIVE ENTRY ON WICK DOWN. 30 PIPS LOCKED UP. SIMPLE IS BETTER BROTHERS. MESSAGE ME FOR SIMPLE ADVICE.
VERY HIGH PROBABILITY TRADE. WE HAVE: MAJOR FACTORS: 2XTL INTERSECTS + RESISTANCE AREA ADDITIONAL CONFLUENCE: 61.8 FIBONACCI, NEEDS SOME CORRECTION. THATS ENOUGH FOR ME... LETS SHORT HER!!! THIS IS HIGHER TF ANALYSIS, PENDING IS ACTIVE LEAVE SOME ROOM FOR THE TRADE TO BREATH. IF YOU DO NOT HEAR FROM ME, ITS BECAUSE THE BIG SHORT CAME THROUGH AND IM LVING IN MY LAMBO.
PRICE HIT SUPER CONFLUENCE AREA SUPPORT+ 2X TL INTESECT, ATLEAST 50 PIP REACTION IN POCKET. ALSO 3RD TOUCH ON 4HR TREND LINE RESPECT ATLEAST 30 PIP BOUNCE.
BREAK OF TL, GAVE A RETEST , NICE R:R GIVEN AND CONFIRMS GIVEN FOR SELLS.
LOTS OF CONFLUENCES AROUND THIS AREA. 4+ CONFLUENCES FOR SELLS.