So we have aggressive buying coming after a 2 week consolidation. Before price exploited up I created a nice demand with fair market gap that needs to be filled. So potentially we can see a pullback rejection candle then we take the break of candle entry. It’s all prohibitory and we cannot predict the market so risk 1% or less.
We see a clear break of structure with the market recovering from the drop from a couple days ago. Usually after a aggressive drop like this we have fair market gaps that need to be filled near a supply that was created. We as traders are playing the game of probability and waiting for the next pull back to the demand below and wait for the rejection candle to...
Looks like a simple resistance that turn into support and now another bull run. do we have a new bull run?? I we will see. its a probability
interest rates are still in favor of USDJPY. even though USD interest rates and inflation rates is vary to change the YEN is still struggling to get positive interest rates. look for the wykoff spring back into demand and wait for the rejection and then take the break of the candle.
Looks like Eurusd is ready to fall down. lets look for a pullback to the order block and wait for a h1 rejection candle and then take the break of the candle.