GBPJPY broke through resistance on the 31st of October. It took 3 days for price to find support from which it can bounce and continue its journey higher. GBPJPY was on my radar since the break of the zone, I entered a buy after H1 had a BOS and failed to make a LL and breaking previous highs thus starting a bullish structure.
Price broke significant daily support on 25th of September and continued downwards making a LL. There followed a retracement that might be at an end after closing in on an upper down trending channel line at a resistance and making double top pattern on HTF and BOS on LTF. SL is above previous highs. TP is wider than I would usually use, but with swaps in my favor...
Price bounced from a significant daily level on 29th of September and is now on it's way higher. I'm looking at a range above that level as a gathering of buyers, waiting to burst out of almost a month long consolidation. I'm entering a buy at a support of the range, after market failed to make LL and H8 TF made a bullish engulfing. We might see price push back...
Double bottom at a significant daily level is a sign GN is going for a push higher. Even though we are at a resistance, sellers failed again and again to break the support. Big bullish wicks indicate buyers were entering the market thus diminishing the sell-off effect. I entered a buy after H1 failed to reached mentioned local support with a strong bullish candle.
Price found support at a significant daily level. I entered a buy after it broke free from a range. It is now expected for the price to go for the next daily resistance.
HTF (D/H8) shows a break of resistance. Price came back to test previous lows and found support on LTF as we can see on the H1. We added a scale-in after price broke previous highs. EC is now expected to move to a higher resistance.