GBPJPY POST ANALYSIS
This was another trade I did analysis for and didn't post on TradingView. The market had caught my interest when I had seen the very strong buyer push to the upside on August 29th. Once I had seen this type of momentum the market had caught my interest. At this point I waited for the pullback to make sure the sellers were weaker than the buyer was, to show control. REMEMBER TRADING IS ALL ABOUT PROBABILITY, this is why I trade with who is in control by reading the momentum the market shows me. So once I had seen the very weak re-test by the sellers, compared to the buyer, I was waiting for that buyer interest to come back in at structure for me to be able to participate in a opportunity in the market. Let me tell you guys something, I don't usually give this type of information away for free but I value all of my followers; when you see this type of momentum by the buyer, then that weak of momentum by the seller, the buyer is basically getting a 100% DISCOUNT for purchasing this currency. Once the buyer interest was displayed at structure, the risk/reward was fantastic on this trade.
I hope this helped! Cheers!
This was another trade I did analysis for and didn't post on TradingView. The market had caught my interest when I had seen the very strong buyer push to the upside on August 29th. Once I had seen this type of momentum the market had caught my interest. At this point I waited for the pullback to make sure the sellers were weaker than the buyer was, to show control. REMEMBER TRADING IS ALL ABOUT PROBABILITY, this is why I trade with who is in control by reading the momentum the market shows me. So once I had seen the very weak re-test by the sellers, compared to the buyer, I was waiting for that buyer interest to come back in at structure for me to be able to participate in a opportunity in the market. Let me tell you guys something, I don't usually give this type of information away for free but I value all of my followers; when you see this type of momentum by the buyer, then that weak of momentum by the seller, the buyer is basically getting a 100% DISCOUNT for purchasing this currency. Once the buyer interest was displayed at structure, the risk/reward was fantastic on this trade.
I hope this helped! Cheers!