The trade is running 100+ pips profit. I closed half and let the rest run. I'm still bearish on GJ till it at least gets a medium inducement which is our target. What do you think? 2WT = 2 Way Trap LQP = Liquidity Pool DBR = Drop Base Rally Demand Zone
~4H & Daily Pennant is indicating trend continuation. ~Weekly and Daily breakout approaching Monthly Resistance level at 193.500 area. ~Expecting price to reject 189.450 area near the trend line (bottom of pennant) and continue to the upside. ~ 189.450 area will be the best area to get in for swing trade and another entry at the pattern breakout.
– Wednesday Daily candle closed Bearish around 190.160 respecting Daily Resistance formed on Tuesday this week. I’ll be looking for potential Buys above 190.650 targeting 4h Resistance at 191.120 and Weekly Support formed on 27th July 2015 around 191.840. I’ll be looking for potential Sells below 189.800 targeting Daily Support formed on 1st March around 189.270...
– Tuesday Daily candle closed small Bearish forming Daily Resistance at 191.020. I’ll be looking for potential Buys above 191.120 targeting Weekly Support formed on 27th July 2015 around 191.840 and Daily Support formed on 10th August 2015 around 192.380. I’ll be looking for potential Sells below 190.310 targeting 4h Support around 189.800 and Daily Support around...
60+ pips running profits. What do you think about GJ? RBD = Rally Base Drop Supply Zone 2WT = 2 Way Trap
– Monday Daily candle closed strong Bullish around 191.000 below recent Daily Resistance formed on Tuesday 27th February 2024. I’ll be looking for potential Buys above 191.280 targeting Weekly Support formed on 27th July 2015 around 191.840 and next Daily Support formed on 10th August 2015 around 192.380. I’ll be looking for potential Sells below 190.730 targeting...
This is my view. What do you think? RBD = Rally Base Drop Supply Zone 2WT = 2 Way Trap
GJ had approached a key supply zone and closed on a massive rejection bearish engulfing candle @190.600 zone. I waited for retracment to the 190.500 zone and to also see Break of structure to the downside on the smaller timeframes(5mins) which I saw around 9.30 GBP session (UK time). Upon seeing this entered Sells @190.500 with sl@190.77 (Risking 27...
Simple Trading: 1. Perfect inverted head and shoulders 2. Pull back to the .382 of impulse 3. break above Monthly resistance with a strong higher high above .382 4. Restest to breakout zone/monthly Resistance. Do not overthink it. We are in a bullish market with clean higher highs. Pay attention to previous high zones (yellow lines). The target is place for 200.000.
– Previous Weekly candle closed Bearish forming Weekly Resistance around 190.630, Friday Daily candle closed weak Bullish around 189.850 forming weak Daily Support formed around 189.290. I’ll be looking for potential Buys above 190.310 targeting 4h Resistance formed at 190.870 and the previous Monthly High to be filled around 191.330. I’ll be looking for potential...
The trade has floating 70 pips profit and it can potentially generate over 40 more. What a great friday :). What do you think about this trade? LQP = Liquidity Pool Arrows = Inducement Points 2WT = 2 Way Trap
Two scenarios in my mind. GJ respects the retracement box, and goes down for the imbalance. Second one is demand exceeds supply. Possible buys at the retracement. This is the only case that SnR could work. What do you think about GBPJPY? LQP = Liquidity Pool Arrows = Inducement Points 2WT = 2 Way Trap
– Thursday Daily candle closed strong Bearish breaking out of the recent Daily range. I’ll be looking for potential Buys above 189.510 targeting 1h Resistance at 190.020 and 4h previous consolidation zone around 190.450, I’ll be looking for potential Sells below 188.940 targeting 4h Support around 188.320 and next 1h Strong Support around 187.890. Thursday Daily...
GJ has broke below structure and closed below zone on 4H timeframe. Also formed a Head n Shoulders and closed below the neck line. Zooming on the 1h we can also see structure broken to the downside and closed below zone. Price retraced and shown rejection @ 190.600 zone by forming a Doji. Having seen price rejecting zone I zoomed into the 30mins and 5 mins where...
– Wednesday Daily candle closed weak Bearish as price continues to consolidate within the 4h timeframe. I’ll be looking for potential Buys above 190.970 targeting 4h Resistance at 191.310 and previous Weekly Support formed on 22nd July 2015 around 191.840. I’ll be looking for potential Sells below 190.310 targeting 1h Strong Support around 189.940 and previous 4h...
Pull back! SELL Now ! 80+ pips on GJ GBPJPY has made a clean red candle below the support. Now that GJ has retested support and rejected it with a nice red candle we can take sell entries. Watch as GJ is near the weekly resistance . This zone has also been confirmed, so we can see a rejection to test previous support areas tp 1: 4hr and daily support tp 2:...
– Tuesday Daily candle closed weak Bearish forming Daily Resistance around 191.120. I’ll be looking for potential Buys above 191.300 targeting previous Weekly Support formed on 27th July 2015 around 191.840 and previous Daily Support formed on 10th August 2015 around 192.350. I’ll be looking for potential Sells below 190.450 targeting 1h Strong Support formed at...
This trade was kinda risky because there was no major inducement. I wasn't sure if there is enough demand to push the price to where I want it to go. Profits secured SL at BE. Let's see how it goes. LQP = Liquidity Pool Arrows = Inducement Points 2WT = 2 Way Trap