silicon-ninjaa

silicon-ninjaa

Analyzing higher timeframe to set the tone for this weeks price action, USDJPY gaining buyers strength

silicon-ninjaa

We all recall last weeks huge buy on GBPUSD, don't we? That was no surprise because there is active demand on the pound. On the other hand, we have seen that JPY have had little or no impact whatsoever since the beginning of the year 2021 therefore, I anticipate more bullishness on the GBPJPY pair keeping a close eye on the active resistance zone.

silicon-ninjaa

Price taking on a short selling direction...low risk trade

silicon-ninjaa

When you look at this pair, all you see are shorts !

silicon-ninjaa

We can see price consolidating after the previous downtrend. Using abc patterns, i'm anticipating price to rally and immediately activate the sell stop order. But if we see a break and retest at the square either bullish or bearish, that will indicate the new trend. But i will just be scalping though.

silicon-ninjaa

With market consolidating, there is less volume in the market at the current Asian session. a possible break out may occur prior to the next trend(downwards)