First shot near 1:10 RRR I belive we're starting a wave C of the daily TF correction
Butterfly: price reacting to levels on PRZ --------------
harmonic convergence Well defined exits 0,5% risk --------
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Bat on key fib extention interception of AB=CD and another level. Entry would be a bit higher since I think there is potential for a turning point in this zone and therefore stops would be hunt
Monday and tuesday relevant retracement levels for the pair for short term long opportunities as I believe it will be consolidating these days
fibonacci retracements and extentions S&R some bearish expectations potential entries
GBPJPY completed a butterfly and Dollar index a bat. Both complemented by a trendline touch Might be a sign of a risk off move next week although a week of consolidation or just small correction also looks likely to me
Price reacting nicely to butterfly level meeting downtrend trendline If it goes a bit further it finds a cypher completion Expeting some sort of consolidation and a reversal next week
Price reacted to butterfly Waiting for either a small up move then all the way down to 1800 or move down, retracement, entry, 1800 level
GBPAUD made a bearish weekly candle but with a considerable wick on the downside so we might see a correction to the 0.5 of last impulse. My guess is that it will continue to fall till the blue zone first and then correct Possible reversal zones on the chart
Waiting for price reaction on this zone and might trade it next week
Looking to see if price reacts to the PRZ as it should in order to expect this short term reversal