This morning we ahve what can be seen as an ascending triangle. All we need to do is wait for the breakout in either direction. Typically the first breakout is a fake out and ive personally found that AUD pairs dont like to enter in on the breakout itself but rather enter at whatever area price is "cheapest" for that specific breakout direction. Currently, we are...
Price tapped into our overnight lows during NY Pre Market, creating a FVG and Change of Character on M1 and M5 timeframes. Enter on FVG respect and target the next available resistance areas one by one,
GThe best buy happen below the day's open. If we can displace this middle range after rejecting the night's low, we look for an entry at the pull back into our Change of Character. Place your stops below the overnight low and target the overnight high. entry only valid once we get a pullback into Coc and see our structure shift.
Here’s my current analysis for GBPJPY this morning for the NY session. Simple strategy, close targets, all within respect. If we respect the M5 / M15 FVG, expect bullish up through the price range into our first target. If we inverse the FVG, expect the first target lower.
Looking for price to taje out yesterday's low after already testing the daily's open WITH a form of structure.
Price shows a previously played out double top and all we're looking for here is a small retest trade of the neckline area. If we get get another bounce of our intraday trendline, we can enter a small long position. 🙏🏻
Pretty obvious what’s in front of us at this point. The question is, will it break downward and blow out the previous support in this area or shoot back up and break out of this channel as well? I’ll be waiting until we have an obvious sign of breakout to avoid any bull/bear traps. What’re your thoughts on its direction?
It’s been a very common pattern in other pairs when other markets turn on the for the day we see extreme bearish or bullish candles sending it into a nose dive or shooting to the moon only to reverse once it’s completed this U shape. This is my prediction for how this will go today after brainstorming with the chat this morning. If it breaks both of the previous...