EURJPY Multi timeframe analysis.
This is a short trade taking the Weekly downtrend as my bias using the Daily all the way down to the One Minute to pinpoint my entry.
1. Weekly Downtrend Continuation
2. Price at the Gartley & AB=CD Pattern with perfect ratios
3. Price has spiked out of every ADR channel at the high from the Daily - 1 Minute
4. A VSA entry on any timeframe is triggered at either a Weekly Pivot OR has spiked through a Weekly Pivot and pulled back closing below it in this case
5. Enter Trade
T1. Target 1 is the closest Weekly Pivot to a 38.2 retracement of the pattern setup (Can adjust if the trade is carried across weeks)
T2. Target 2 is price spiking below the highest timeframes ADR channel, in this case, the Daily
T3. Target 3 is a 1.618 extension of the Weekly trend retracement (Used more for trend position building VS expecting the price to reach it every trade)
This is a short trade taking the Weekly downtrend as my bias using the Daily all the way down to the One Minute to pinpoint my entry.
1. Weekly Downtrend Continuation
2. Price at the Gartley & AB=CD Pattern with perfect ratios
3. Price has spiked out of every ADR channel at the high from the Daily - 1 Minute
4. A VSA entry on any timeframe is triggered at either a Weekly Pivot OR has spiked through a Weekly Pivot and pulled back closing below it in this case
5. Enter Trade
T1. Target 1 is the closest Weekly Pivot to a 38.2 retracement of the pattern setup (Can adjust if the trade is carried across weeks)
T2. Target 2 is price spiking below the highest timeframes ADR channel, in this case, the Daily
T3. Target 3 is a 1.618 extension of the Weekly trend retracement (Used more for trend position building VS expecting the price to reach it every trade)