NEW WEEK NEW POSSIBILITIES This week is strong and yet not so strong, past week we hit our targets for GJ. This week no lie, I am slightly confused. My mental and psychological health are up for question but I understand my duty as a responsible fund manager. 191.00 Strong price of Significance. I've understood from textbook studying with current pattern and...
Weekly=Bullish. Daily=Bullish. 4H=Bullish. Major rejection on weekly from Monthly Resistance Zone. Daily currently pulled back to 50% daily fib level. 4H deep pullback to 78.6% fib level. Overall bullish as long as 4h maintains structure. If structure maintains, looking to see price go to top of monthly resistance zone (previous monthly highs) around 195.
– Tuesday Daily candle close strong Bullish around 191.870 as price break above the previous Monthly High, I’ll be looking for potential Buys above 192.200 targeting previous Daily Support formed on 4th August 2015 around 193.000 and Monthly Resistance formed in August 2015 around 193.460, I’ll be looking for potential Sells below 191.500 targeting 1h previous...
4h inducement + HTF POI mitigation What do you think? LQP = liquidity pool Arrows = inducements
– Monday Daily candle closed weak Bullish around 189.850 as price consolidated on the 4h timeframe. I’ll be looking for potential Buys above 190.030 targeting 1h Resistance formed at 190.350 and 4h Resistance formed around 190.800. I’ll be looking for potential Sells below 189.530 targeting 1h previous Resistance formed around 189.110 and next 1h Support around...
– Previous Weekly candle closed Bullish around 189.700 forming Weekly Support around 189.100, Friday Daily candle closed Bullish breaking out of the recent 4h Consolidation Zone. I’ll be looking for potential Buys above 190.030 targeting 1h Resistance around 190.350 and 4h Resistance around 190.800. I’ll be looking for potential Sells below 189.510 targeting 1h...
We will continue to follow the 4-hour SAR to the upside until we see a SAR flip to the top, indicating we take profits. We are currently at a 1-hour resistance level. Look for more BUYS with retracements, and the original SAR is the ultimate SL, which would signal a trend reversal. Let me know your thoughts. The Professor
W=Bullish. D=Bearish. 4H=Bullish. Daily broke the higher low to become bearish but 4h shift structure to bullish creating an inverse head & shoulders. 4H recently broke the neckline of the pattern. 1H has a pennant formed. Weekly is also bullish rejecting the 50% fib level. Expecting price to break the pennant and S&D zone and continue to upside for long term...
GBPJPY took liquidity & imbalance --> tapped into a 1h supply zone. What do you think? DBD = Drop Base Drop Supply Zone LQP = Liquidity Pool Arrows = Inducements
– Thursday Daily candle closed weak Bullish around 189.090 as price ranged within the No Trade Zone identified on the previous Analysis, I’ll be looking for potential Buys above 189.540 targeting previous 4h Support formed on 6th March 2024 around 190.060 and 4h Resistance around 190.520., I’ll be looking for potential Sells below 188.540 targeting 4h Support...
Gj closed below zone on the 30mins where I expected a rtracement to 189.05 and wanted to see additional confirmation that it will push down like a BOS on the smaller timeframe. Upon seeing the close below zone and retracement back to zone I zoomed into the 5mins chart to see if I could get a Break of Structure to the downside as additional confirmation this will...
– Wednesday Daily candle closed Doji Bullish respecting recent Daily Support formed on Tuesday. I’ll be looking for potential Buys above 189.540 targeting previous 4h Support formed on 6th March 2024 around 190.040 and 4h Resistance around 190.520. I’ll be looking for potential Sells below 188.540 targeting 4h Support around 188.060 and previous 4h Resistance...
GJ closed above buy zone (189.15) zone on the 1h at GBP 9.00am Upon seeing this as the stop loss would have to be placed below the 1h candle @188.75 I waited for price to come down to entry range of 189.00- 189.10. Where I entered manually @189.08 with sl@188.75 (risking 33pips). TP1:189.47 TP2:189.75 TP3: 189.85. TP4:190.00 *...
– Tuesday Daily candle closed Bullish at 188.800 forming Daily Support formed around 188.210. I’ll be looking for potential Buys on close above 189.140 targeting 4h Resistance around 189.580 and previous 4h Support formed on 6th March 2024 around 190.040. I’ll be looking for potential Sells below 188.370 targeting 30min Support around 187.970 and previous 4h...
GJ Had been bearish for a while and had now tapped into main demand zone where I was expecting a reversal but needed a confirmation. Price broke above structure confirming buy bias on 30m and 1h and now looked like it was heading down for retest & retracement. Upon seeing I was looking for entries @188.200-188.300 with a sl@187.900 (risking 35pipsmax). I also set...
– Last Weekly candle closed Bearish rejecting recent Weekly Resistance around 190.700. Friday Daily candle closed Bearish but price ranged overall on the Hourly timeframe. I’ll be looking for potential Buys above 189.710 targeting 4h Resistance around 190.320 and Weekly Resistance around 190.690. I’ll be looking for potential Sells below 188.720 targeting previous...
Even tho the trade is going pretty well JPY index doesn't look like it's reversing. Holding the trade might be risky that's why I put my SL on BE. Let's see how it goes. What do you think? LQP = Liquidity Pool DBR = Drop Base Rally demand zone 2WT = 2 Way Trap
Weekly=Bullish. Daily=Bullish. 4H=Bearish (waiting for shift of structure) Weekly candlesticks are show rejection from 50% on weekly Fib. Overall Bullish market so waiting for 4h to shift to bullish. Zones marked up are daily supply & demand aka areas of interest.