GBPJPY - TRADE SET UP - 30M CHART - 12/9/23

Traders, we are still down trending until the price breaks(BOS) 1.8450. Price is boxed in between 183.92 and 1.8324. Monitoring price action for breaks below or above. Trade accordingly.
DIONNG

Comment:

Traders, this is my set up for today. Looking for a "discount" here to BUY(183.40/50) coming into London(08:00). Price swept liquidity below support of 1.8335 and since Monday has been bullish. If price breaks out of resistance at 184.47 the 185.20 Supply zone opens up. Any retreat below 1.8300 may signify a continuation to the downside. Trade accordingly.
DIONNG

Order cancelled:

Traders, US Red folder news day. Price didn't move in the direction i anticipated during the London morning. No trade.
DIONNG
Note: check out the published trade set up. Price has moved from support to resistance back down to support(broken actually) in the space of three days.

Comment:

Traders, this is one of my favorite set ups. Price is boxed in between 1.8303 and 1.8250. There are several plays here. Usually price will head back to a recent supply before selling off again. It may consolidate between this range and sell off come London session. Either way, observe price action and trade accordingly.
DIONNG