After i took my entry and got stopped out on GU, i got in again and realized my mistake and closed my trade, had another entry on UJ where i realized the bull momentum and i closed out . got in on GJ and i got stopped at BE and market finally hit my TP
After seeing how our Thursday and Friday candle closed and giving us a bullish momentum , we saw how market broke our last LH on our lower TF. market was consolidating , had to take my trade on a break and restest of the consolidation .
Looking at BTC we can see how market failed to create a new LL and broke the previews LH created . Waiting for market to give a reaction either at the 50% or the 61% fibs level before continuing Bullish .
after getting stopped out on the bullish momentum when price was retesting the neckline of the inverse H&S pattern , i got in again after price broke the previous HL , Got in after the retest and got stopped out , took 2 more positions and price hit my TP. was 5% up on that trade . then i waited for price to go back up to the supply zone before i take 3 more entry...
After seeing the bull run on our lower time frame , we can zoom out to our daily to see how price will react to our supply area . Seeing how market formed a H&S pattern . Broke it and now the neckline serving as our supply zone . where will BTC go next ? All time high or fall back to 20k extension level ?
GBPJPY analysis for the week , we can see market creating an inverse H&S on our daily time frame . going to our H4 and H1 we can see how price is still in an uptrend , if market fails to break our last HL , we wait for our reversal candle sticks formation , then we take our buy , which might lead to market breaking our neckline on our Daily H&S formation