GBPJPY - Going Long Folks
Updated
Pretty Clear Set up.
- Weekly Got a nice bullish Rejection - Followed By an Inside Candle. Meaning Waiting on a pop.
- We are on the support of a consolidation structure which has proven to elevate price in the past.
Daily View.
- We've got two set ups here that confirm my thinking. Inverse Head and Shoulders off Strong Support
- Bullish Flag ( With Ranging Structure.)
MMM
- Just had a Multi Day W form last week. depending on gap over the weekend, I would assume MM will continue the cycle instead of restart.
- A this point price should be heading down to give us our first V in the WVVM cycle.
- Depending on opening price sunday look to buy at 61.8 or 75 percent of the last low and high on 15 minute chart.
- Weekly Got a nice bullish Rejection - Followed By an Inside Candle. Meaning Waiting on a pop.
- We are on the support of a consolidation structure which has proven to elevate price in the past.
Daily View.
- We've got two set ups here that confirm my thinking. Inverse Head and Shoulders off Strong Support
- Bullish Flag ( With Ranging Structure.)
MMM
- Just had a Multi Day W form last week. depending on gap over the weekend, I would assume MM will continue the cycle instead of restart.
- A this point price should be heading down to give us our first V in the WVVM cycle.
- Depending on opening price sunday look to buy at 61.8 or 75 percent of the last low and high on 15 minute chart.
Trade closed: target reached
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