Daily LOWER LOWS and LOWER HIGHS - Bearish TF
4HR TF Previous structure broken lower, waiting on a Fibonacci confirmation Entry.
Expecting it must lower overall in the long term.
GBP/JPY - Monthly, Weekly & Daily Bearish - LL & LH
4HR TF pull back retracement achieved.
Simple Short based on multiple confluences
Will take a hedge longs once lows hit
Thank you
Let me know what you think.
Here to learn and grow.
Multiple Confirmations
Higher Time Frame on Monthly, Weekly & Daily is Bearish - Lower Highs & Lower Lows - Trend Line
4HR TF - Previous High still holding 81.44 - Bears still in market and has not broken structure
Stochastic in over sold territory
Liquidation area above
Let me know your thoughts.
Any opinions are welcomed.
Here to learn and grow.
Thank you
USDJPY counter trade Long Based on 4hr TF pullback - trend line 3rd tap - relief rally 133.800 area then looking to take short.
Confluences
Upwards trend line
Price sat on support area
Smaller TF Higher Low-Higher Highs
Fibonacci Levels sitting in 61.8% area
Stochastic in Oversold Territory
Trend Based
Monthly Trend - Bearish
Weekly Trend - Neutral...
Based on Higher TF Structure - Bullish Environment
Exhaustion Retrace before Long Position area in blue. Fib Retracement Levels
Target TP!
Let me know what you think
Thank you
