GBPJPY August 28thDaily Flag Pattern
4H Trendline markup for Daily Flag Pattern
4H Ascending Triangle being created after touching bottom of Flag Pattern
4H Bearish Correction
1H Bullish Engulfing on bottom of Ascending Triangle trendline & 4H Zone.
30m double bottom (reversal pattern).
Daily exhaustion at 4H Zone.
D-GJ
GJ is Falling +90 bip The pair returns to the bearish trend after failing to breach the resistance 163.600, the head and shoulders pattern and the break of the previous bottom indicate the end of the corrective movement. Technical indicators and negative economic news for the British economy support the idea.
GBPJPY trade idea (THU - 18/08) : SELLThis idea has been revised.
GJ at broken down a number of times after having come off the Point of interest.
I am personally late into this trade but it can still be taken with good profits (RR: 5.39)
I mapped out an ideal second entry and exit strategy, in case the second order blocks should fail to be respected.
Enter at your own discretion.
GJBe careful of that euphoric feeling of being on the same side as the market. Don't over trade, lose RR, forget about your trading plan, after those wins close your laptop and sleep. I'm still here because this is what I am willing to let my life be. I'm seeing a possible break to the upside, and because here in South Africa it's about to be Midnight; spreads go crazy, people donate their profits back to the market. This is why I don't like having trades running over days but part of my trading plan is leaving trades until point of exit (TP or SL). So I'll just watch and let things happen.
GJGetting my forecast right 2 times in a row is such a big event. It has taken me time to get to a point where I don't care about what "mentors" are saying🤔🤔🤔😎😎😎. GJ, after back-testing, practice and over 10 blown accounts I have finally understood a part of it. Long term we going for a while but I want to ride the waves along the way. Thank You for those that read and follow their plans. If you just look at my forecast and place the same trade, without checking your rules, please tell us who your next of kin is so we stay ready to call.🤣🤣🤣📞📞📞
GJ😂😂😂😂 Lesson Learned 😂😂😂😂
Because I got too excited for the set up, the previous buy stop I set was 161.300 and not 161.030. So I just have to be more patient before adding any trades as it will mess with the trading plan.
Plan your trades and trade your plan.
Initial idea was to get in before the break, after neckline retest add more trades. This was to ensure that even if the market went against my forecast, then I would either walk away with minimal profit or BE, NOT A LOSS.
Back test 1-2 until you know it's behavioral patterns without even drawing anything or even putting in indicators.
🤣🤣🤣🤣😂😂😂😂 I'm mad but it's a lesson I was clearly supposed to learn.🤣🤣🤣🤣🤣
GJI had already entered an early trade of this as a risk but if we get the close I'm anticipating of the next few candles then I will place that buy stop and let it run. I will only adjust here and there according to SL and price structure.
1. Inverse H&S
2. Break, retest and continuation
3. Break of inverse H&S shoulder line
4. In the Correction phase