Quarterstheory
GBP/JPYWe could possibly see a break of the 135.200 area we are currently at a 61.8 retracement Fibonacci level as well as a QP level so we could go straight up or we could re-trace a little bit more we could even retrace down to the 134.000 area to drive back up. I am still bullish on this pair until the market tells me otherwise we haven’t broken any major level of structure to turn into a bearish market as of yet.
$EURGBP #EURGBP - Intraday Trend Trade, Long into .9100/.9125entry - (0.9075) Wendesday Early morning London / Pre NY orderflow
SL / invalidation - 25 pips (.9050)... cut the trade below this level if it does not go to script
Profit Targets:
1:1 - (.9100)
1:2 - (.9125) or leave the second order open and trail sl
1:3 - (.9150) or leave the third order open
Euro looks stretched so I'm not gonna push it too too far but I like this coming into .9100 + based on current market flow & sentiment + technical market structure, current 4h / 1hr / 15m trend as well as the candlestick volume and reaction off my levels (.90525 institutional ICT OB SMT SMC liquidity tap, no sellers below .9050)
#SPX500 S&P 500 Index 7/8 NYSE Intraday Plan structure
prices
time
risk reward
HTF analysis posted
let me know what yall think
(edit: one annoying scenario would be a clearing of the short term highs @ 3165 and rejection there just keep in mind if for some reason we trade those levels)
currently 8:08 EST ideally we breakdown 3150 asap and we sell off these next couple hours into the open