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Supply and Demand

GBPJPY Bouncing off Failed Swing LineHi Traders! GJ had a nice push to the upside reaching 193.000 making a new HL on the 4HR TF. Right now, price is pulling back bouncing off the Failed Swing line. If price broke below 191.000 with continuation, then I'd look to sell to the 4HR CHOCH area around 190.000. However, price isn't telling me that it wants to go lower. In addition, the candles printing on the Daily are smaller and not closing below 191.000 so that could indicate that price may push to the upside. If GJ can give me more confirmation that it'll have the momentum to push past 193.000, then the inverted head and shoulder pattern might play out. I'd like to see more of a strong bullish close above 192.000 on a higher TF for me to think about a buy. Lets see if GJ will come through for us, and give us a nice set up!🫡
by thattradergirl
Expecting bullish volatility from this bearish contractionSupported by the daily rejection block, we're looking for bullish opportunities because we have cleared the immediate swing high at 158.000. This sentiment indicates a strong bullish market. Anticipating this corrective movement to reduce further and mitigate the breaker block at 157.350 to activate buyers for a volatile bullish move. - Entry: 157.350 - Stop Loss: 156.550 (80 pips risk) - Target: 161.350 (400 pips potential gain) This trade setup suggests a bullish opportunity with a risk-reward ratio of 1:5.
by tokelohomi
FLRUSD Currency Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # FLRUSD Currency Quote - Double Formation * Trendline 1&2 | Entry Area | Long Support * 1st Retracement + 0.618 Area | Subdivision 1 - Triple Formation * ABC Flat Feature | Subdivision 2 * 2nd Retracement | Short Entry Bias | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:FLRUSDShort
by TradePolitics