Plan 8/11 Short GBPJPY on H4, very STRONG resistance coming
Looking at the D1 chart, the rally from 140 to 149.7 had the big correction to fibo 0.382 (143.7).
It means that the resistance around 149.5 is very STRONG.
Now we try to sell on the rally if price move up the pink box and have reversal signal on H1 OR we have reversal signal on H4.
WAIT REVERSAL SIGNAL ON H1
=> SELL
***NOTE: All of my plans, you have to patient to wait for the price come close to EXPECTED ZONE. At that time, you should be at your desk to WAIT FOR REVERSAL CANDLES or PATTERNS on the low timeframe and then OPEN ORDERS. If I open the order I will update "TRADE ACTIVE". If I miss it, I will update for those following that trade until TRADE CLOSED or TARGET REACHED.
***LIKEs and COMMENTs would be appreciated!!!
It means that the resistance around 149.5 is very STRONG.
Now we try to sell on the rally if price move up the pink box and have reversal signal on H1 OR we have reversal signal on H4.
WAIT REVERSAL SIGNAL ON H1
=> SELL
***NOTE: All of my plans, you have to patient to wait for the price come close to EXPECTED ZONE. At that time, you should be at your desk to WAIT FOR REVERSAL CANDLES or PATTERNS on the low timeframe and then OPEN ORDERS. If I open the order I will update "TRADE ACTIVE". If I miss it, I will update for those following that trade until TRADE CLOSED or TARGET REACHED.
***LIKEs and COMMENTs would be appreciated!!!
Trade active
Trading active with entry around 148Note
Price gets in the pink box as planned.Note
Price is rejected by pink box.Note
Drop very fast. +80pips already. Congrats.Now you can take a quick profit or wait for homerun:)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.