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GBPJPY Long ThesisPrice has currently broken above a major resistance zone and has been creating higher highs and higher lows which shows bullish momentum in the market. I may look to buy in the yellow zone after price confirms that it wants to go up with potential bullish candlestick patterns. In addition We can also see price is now above the Kumo cloud for confirmation which also indicates that there is more bull potential in the market targeting the last imbalance I have highlighted that is yet to be filled. I normally like to keep my charts clean however I have recently came across the Ichimoku indicator which helps taking the right trades with good entries and good exits. Good luck! -Always wait for confirmation... P.S this is a speculative setup, not investment advice.
Long
by onzzfx
4
EURGBP IDEAPrice is ranging in between two significant zones. The ideal situation would be to let price tell us where it wants to go with a clear break of structure, we can then perhaps look at an entry when it retests the key level and target the liquidity levels on the chart price should ideally head towards giving us a high R:R ratio and a high chance that price will hit our Take profit. Good luck! -Price action is key to a profitable strategy... P.S this is a speculative setup, not investment advice
by onzzfx
Bitcoin ThesisPrice is currently moving in a sideways channel which shows us that the market is in the ranging (contraption phase) with low liquidity in the market. I am looking for confirmation of price telling us where it wants to go with a clean breakout and then looking to enter on the retest and target liquidity zones in the market for take profit to minimise loss and maximise profits. Good luck! - Price action is key, trade what you see.. P.S this is a speculative setup, not investment advice.
BITSTAMP:BTCUSD
by onzzfx
2