We are looking to buy on Previously broken support, but, the major move would be to sell on the H4 Broken support that is now resistance.
- Market printed our pattern, but took out our stops. Went all the way to out projected area of resistance, but didnt print a bearish pattern for us to take sells. better results tomorrow.
waiting to see if the market will react at 1.1737 area, print our pattern and drop bearish, or, waiting to see if it finds support on 1.1650, for a bullish run.
we can see that the market formed a hybrid pattern on the support level. then market then went ahead to mush bullish to out intended zones, and has found resistance. it could possibly continue to rally, and if it prints our pattern above the support / resistance level, we can take more buys, or, it it forms a bearish pattern, then we will be looking to take...
the two main scenarios we are looking at are that the market finds support on the H4 support, then pushes bullish when our pattern forms, or it breaks bearish on a lower high.
targets were reached after the Golden pattern was formed at an area of resistance. up 8% for the week. Awesome streak.
looking to see if the market forms a higher low, and therefore, we shall take buy positions... if the market forms our pattern at the resistance, we will be looking to sell to the first of the second target depending on how it reacts at these zones. Happy trading.
I saw a nice zone forming, and did an analysis on what i expected the market to do for the day... at least for the London session. the market formed my Golden pattern on the resistance area, and i took sells with targets of 2% and 3% for the day. I was happy with the profits taken.
Playing out the Scenarios... Watching to see what the market does.
EURJPY seems to have broken Structure... Lets see if it forms a Second High, then we can look for the next higher Low to BUY
The more Reason to sell that Market.
After the market hit all expected areas of Demand, it is expected to rise to the next supply zone. Breaking that Bearish Wedge it had been forming, or respecting in and falling some more. Lets wait and see. Bias as of the week, Bullish from now. #discipline #Patience
GBPJPY is confirming a Break off the Channel. we are looking at a Bearish Flag formation. Lets wait and see if it confirms by forming a lower high, then we can take FULL Advantage of the drop. #patience #Discipline
i still Feel that GJ has a Bullish Run coming.. Its now forming higher lows, and has broken structure... Awaiting the next higher low to confirm, then Entries Bullish. Looking at 70 pips for now. #patience #Discipline
GJ is not on a retest move... I expect the market to change direction on any of the following Orange areas... If it goes above the Pink line, then we are looking at a change of Trend. Waiting for this Lower High to be formed. #patience #Discipline
For those of us that were caught by suprise on the GBPJPY 600 pip Drop, the reason is as shown. The Market broke out of a weekly Channel. This really makes things Clear to traders who think the market was manipulated and all other excuses on fundamentals. For A technical trader, it all makes sense. Lets always have a Wholesome view of the Market. #Discipline
Are we going to be seeing GBP Break Structure and the trendline and start forming new higher highs, or are we going to see a Drop on that pair back to lower lows... patiently waiting on that move. #Patience #Discipline
Hi guys., for those asking whether it would be good to buy GBPUSD, I would ask you to follow this Idea... That would be the Idea. Right now, Its getting Tricky, coz the market is still in a Downtrend. #Patience #Discipline