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Gj

Waiting...You can see price hovering around underneath the 160.000 level, stuck in a range, I don't want to trade here.. Look how clean the move was to the left on the last bullish impulse, So for me if price breaks above the 160.00 with confirmation we've got a much cleaner looking opportunity (80/90 pip move) back up to 160.851, than selling from there back into the choppy range (40 Pip move) (We also have the D failing to close below 160.00 confirmation and LTF. Whats your thought?
by benalistarfx
GBPJPY Potential Forecast | 19th December 2022Hi everyone, today I will be talking about a possible GBPJPY short trade using Smart Money Concepts for this week. Trade idea: 1. Price is currently on a downtrend on the lower timeframe. 2. We could see clear bearish orderflow in recent price action. 3. Price could potentially head up to clear the imbalance present marked by the green zone. 4. Will be look for confirmations on M1 to M5 timeframes to enter on shorts at the green zone. Things to look out for: - However, I do notice that price has validated and respected the demand zone at the bottom. This serves as a risk to us as validation of the demand zone could mean for price to continue heading up and without strength to continue down. Hence, we will await proper confirmations like a break of structure before entering shorts at our green zone. All in all, I will be awaiting short confirmations on GBPJPY. Regards, Chern Yu
Short
by Jon_Jones_Junior
9
GBPJPY for a lower low 🦐After our previous idea, GJ broke and reached the lower support with some movement to the upside. The market is now trading above a support and according to Plancton's strategy if the market will satisfy the condition we can set a nice short order for a lower low. Being the last trading day of the week it might be risky to open positions. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip