GBPJPY tapped a monthly high and grabbed the retail stop loss they wanted.Now it looks like they are stacking sell positions that might take us to previous monthly lows.
But atleast a sell to the potential reversal point looks imminent.A sell setup to capitalize on the move!
If we look for a second at the monthly chart it clearly shows the sign of bearishness and have a reason behind it which is pretty solid.Yesterdays daily close was into a daily liquidity range do a price trend shift is much likely.Hence a valid sell setup!!
GBPJPY is bearish on the higher timeframes.But a bullish start on the start of the week and a good liquidity zone makes it a great setup for sell.
Risk worth taking and a great r:R too
After that spike above we got out of the sell as there's a 1Hour liquidity candle thats being respected.So a high probability setup would be to look for a buy.
I think we all can agree on the fact that GA is bearish! Anyway from a technical perspective it looks to go down the whole week or maybe whole month.Keeping the direction in mind we can look for a sell opportunity at the start of london session.Setups looks good decent r:R!
AUDUSD seems to follow the monthly direction as its the end of the quarter closes,
With that being said we look here for a sell based on the Daily candle wick fill.
Setup looks nice with good r:R,worth a shot!
After a good volatile day AU seem to be bearish at the moment.
For the sell we are targeting the asian liquidity to be filled and take us to the downside.
