gbp/jpy is in a consolidation at the moment price is most likely to make a big move so i am going to scalp the down side if it closes under resistance i will place a sell and see how far my runner can go.
going to look if it breaks the 30 min long wick. if so i will keep my runner if it shows signs of bullish i will close my position(s)
scalp idea risky trade cause of the low volume at this moment of time 8:40 central european time.
but once london open happen i think a push wil happen
see a clean move on the left to mirror but the price is in 4 hour consolidation also there was a big consolidation area on the 15 min so it makes this a risky trade to take
i saw a nice uptrend forming, pre london open it made a retest on a recent resistance now support level took a trade just before candle close then london open volume catched my 1:1
had a scalp position on a small 15 min rejection a nice clean 1:1, have a runner open also at the same price. now i will have a look at the old consolidation area and look if the price is getting any trouble if so i will close my position.
heavy consolidation so we most likely where going to see a big move it broke the resistance area and retested it making it to a support zone. after the bullish candle you could've shot for a 1:1.
