Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Same institutional candle theory behind this trade, I think I posted this idea on tradingview.com on my other account instead of uk but still, same idea.
Better R:R than my GBPUSD buy but literally the same setup, HTF bullish structure so look for buys, simple. Where to buy? Look for the last institutional candle
Running around 8% around 120 pips. Securing most...
If you know about institutional candles this is something to look for, daily uptrend but finding some weekly resistance at the highs. Last week closed doji so we could have a final push up to take out previous highs before swinging back down.
Institutional candle = trapping sellers on the wrong side of the market before a strong push in the opposite direction (up)...
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💡 GBPJPY technically based idea, we can see price is bounce from bottom trend line, following with strong...
GJ is in an overall downtrend however it broke out of bearish market flow. Price is on a minor uptrend but is starting to slow down in momentum. RSI is currently showing H4 bearish divergence so we can expect a potential double top as an extra confluence to take sells this week. If the market breaks and retests the previous high, sell bias would be invalidated.
With no major News coming out during the day which an effect the pair directly we must only watch out for a slight impact when the News regarding USD (consumer Price Index comes out Today). News on GBP Consumer Price Index MoM which would be released on Wednesday could set off a directional movement for this Pair. Till that time only a slight impulse is expected...
