Waiting for it to reak out of the resistance zone and create a bullish engulfing/shooting star candle to place then aim for previous high support levelif it breaks lower level ill wait to see if support zone becomes resistance zone then think about a different entry to the downside or possibly wait for it to break upwards
EURJPY is now consolidating inside of daily supply (green) and stophunt zone (red). Price crated minor zones (grey) within the supply and I am waiting for a bounce off each zone until it breaks above and retests highest minor zone (grey).
800 EMA below price
Good structure for Fibs
Support and resistance
I am waiting for a likely push down in the morning and then another good push to the upside! There is many ways for this to go sideways at the moment! I am also looking at divergence on this pair to see if I can capture a scalp!
I am also waiting upon what could be a bad day for £ as...
Here we have GBPCHF!
Hitting the killer retracement
Trendline 60min and 240min TF still intact
Zones in play!
I move down tot he 15min or 30min TF to get entry's for smaller SL
You will see 2 positions thats because their is 2 trendlines
1. 60mins with zone in the fib killer zone!
2. 240min with trendline and just hitting the upside of the...
I am looking for either a break of the DAILY descending trendline and retest on the ascending 4HR trendline. With both of these potential set ups I will looking for either that bullish or bearish cande close once they react off of an area of strucutre. I will be looking to have a confluence of having a reaction off of fibonacci levels along with those levels...
Allow me to share my thoughts on GBP/JPY.
Price is now at a strong level of support (on the 4hr timeframe). If price doesnt break this level immediantly and find a new low , i expect the markets to start pushing up again. Its been a slow week so far , but grateful for the lessons.
"Less is more"
Higher timeframe downtrend (trendline) accompanied by a double top and a pinbar candle. Also the next candle currently is bearish hope to close this way. Then we would get a evening star pattern. This would indicate a short potential.