GBPJPY analysis 18 August 2021 (Impulse Buy MISSED) Follow Number thanks
Will update on outcome Sell because of a 15 minute fakeout Then candled closed on a 30 minute fakeout SL above current candle Lesson learnt: If fakeout sell, let it hold until tp1
GBPJPY analysis 16 August 2021 (pre NY session BEFORE Trade) Will update thought process in a while
Minor support created Price broke below minor support. Impulse on way down. stop above current candle. not expecting price to retrace.
1. Impulse sell become an confirmation 2. SL above current candle always because if CANDLE broke candle HIGH I wont want to enter SELLs. means sell idea invalid. 3. 45 minutes there are three times of liquidity wicks and minor support created. Mixed signals 4. I don't leave a runner THIS TIME because there is not enough range on the way down..
Version 2 bullish above 151.207. bearish below 151.289 Update to the idea because asian open move so deep sells that it broke previously drawn support areas.
Tentatively bullish above 152.2. Bearish on close below 151.93 Supply and demand zones are indicators to see if I can do an impulse/confirmation sell based on LTF confirms and not to follow a direct sell the moment price reaches. Updates will be done if new resistance and support is created, or if tentative levels are BROKEN before London open. Thank you!