head and shoulders so everybody who learned trough online classes in the interwebz have been tought to short gold, so observe the masses snipe the opposite risk to reward till eqh (aka head of the head and shoulders) aka liquidity would be a 1/10
tittle says it all
today price gave us a nice rally up and created our 3rd touch of liquidity (ressistance) with nfp this week i would like to see price maintaining this range and pull back to either one of our zones much will be depended on time and price, as i would like to see a pullback or fake out during london or ny open. if not i could consider this point of interests for...
the market is all about reacting not predicting and you should be unbiased about the direction and be able to adapt as new market data is provided
might be a 25 pip probability
Probability for a long on usdjpy from 105.5 till 106
and is risk free ad this moment :p
even tough om very bullish on GBP in the long term, rhe short term i will see a clear of those equal highs and a possible retest from either the trend or a going for a clear of the lower structure
since we had a 2cond retest and got rejected in de equity zone, i am bearish on GBP/jpy