GBPJPY came into a previous support, although it was long time ago it was significant and in that area it gave a double top on 1 hour chart with engulfing bearish candle, placed a short position with 2 RR
Audjpy retesting previous strong support as resistance now, short with a nig RR
didnt give me my usual entry signal but I decided to enter in it anyway
This is a type of trade that doesnt fit my plan and doesnt offer a RR that im willing to take, but it could work just as a AUDJPY trade that will break the support and go lower (also not in my trading plan but im just noting it here for future testing)
AUDUSD came into a previously strong and volatile resistance, and after such a push to upward side it is time to close out some positions and for people to look for short opportunities if it doesnt change much i will close the position before nfp
on a hourly chart, we can see a pinbar forming with a engulfing green candle and it is located at a pretty strong support, these supports are known to fail from time to time (mostly on the 3rd test ) but still looks like a good 2-1 RR trade
i had a really shitty 2 weeks of trading, hope this one changes everything these types of trades i hold over the weekend and hope to get a nice RR because its with the new trend
Audusd made a pretty nice upmove in these couple of weeks but it will take a breather now making a Head and shoulders in structure with a right shoulder engulfing, ill wait for a better entry to enter the trade
sold the usdjpy double top that was in previous structure
didnt have time to put in it, there is a entry reason in H4
wait for pullback to enter
but usd is geting stronger and jpy is in a weakening trend
although there are big moves market should take a rellief and the market is giving us a probability of a double top with engulfing candle on structure
ill wait if a engulfing candle comes ill short it if not ill wait another reason to enter the trade short
GBP is pretty well off with the fundamentals from Theresa may
made a big down candle in EURGBP and now is teaking a breather from the big move and some profit taking that is made
when this breaks the support i will short it
or the 4H chart gives a engulfing because it is on a previous structure
