So my last view was bearish,
However, we are already 1 hour deep in the London Session and the daily candle seems to have taken liquidity to continue moving up.
I will take it into consideration during the next hourly candle, if the price stays in the range, that means there will be no trade for me today.
Good morning traders , here's my intraday view based on the daily time-frame.
We got a solid range between .70 and .40 (4hr and daily s/r) , if we break this range there is clean room for the price to continue moving up/down.
I'll look for a trade during the next 1 hour candle once that the price has broken the current range.
This is my intraday chart for the GBPJPY during todays NYSE session.
I have a bearish bias, the price kept going up during the London Session and it reached the DAILY upside target already. I believe that we can correct this bullish movement today.
I'm going to be looking for a sell during the next two 1-hour candles (9 and 10am). If...