Yo guys I'm back. I focus on gbpjpy & usdjpy On the Weekly & daily timeframe I'm bullish, I just follow the daily structure. We see a lot of wicks to the downside and on the 4h timeframe we hit our support level. I always use 2 Charts (left chart for overall direction on higher timeframes and on the right chart 30-min timeframe for entries.
I expect a small pullback to 164.000 weekly level and then a massive drop to 162.000. Thats 200 Pips
Price action is probably a bit choppy in the next few days as we have important news for gbp. But I think that we will hit 164,000. I am still bullish
As long as we hold 162,000 I see gbpjpy long at 163,000
GBPJPY long to 164.000 not the best price action on daily timeframe i am not long yet .. only overall bias need more confirmation for entry
On higher timeframe im bullish for gbpjpy Buy Area on 159.500 is really strong to buy TP 1 = 162.000 TP 2 = 164.000 162.000 really imporant level
Strong rejection on 4h level - 159.500 nice fake out on 30 min buy area TP 1 - 161.000 TP 2 - 162.000
I wait for this set up. I go only long if we break this buy area/162.000. If we break 162.000 - back to 164.000 or higher.
GBPJPY long to 162.000 150 pips move Hit 160.000 Support Level and hold 30 min Buy Area
Overall bullish but i expect a pullback to 162.000 120 pip drop
Im longterm bearish and now we hit 163.000 weekly level and could expect a drop to 161.000. But we have to stay below 163.000.
It looks ready for shorts -hit 163.000 weekly level -4h structure bearish -broke 30 min Sell area
As long as we stay below 163,000 or react at the level I will short gbpjpy. 162.000 - 161.500 is a very important daily support level thats my target
-longterm i really bearish for gbpjpy -pullback done to 163.000 -hit 4h sell level for more confirmation u can wait for 30min orderflow to change bearish or what we can expect:
-after this move down i expect a push to the upside - 4 hour oderblock - respect my 30min buy area
-we have a really strong weekly wick rejection on 166.000 so its only short term long -we broke 163.500 4h level Short term long. Overall im bearish
-we have a really strong weekly wick rejection on 166.000 so its only short term long -we broke 163.500 4h level Short term long. Overall im bearish
-really strong rejection on 166.000 weekly level -3 pin formation on daily timeframe -4h orderflow bearish