1HR Timeframe shows a reversal candlestick formation, whilst sitting between / under a Retracement level. On the 5 Min there is a Flat Top Wedge which was formed as well. The trade was taken on the 5 Min, at the break and close of the wedge, however I cannot post a chart under the 15 minute timeframe.
I am already short on the 4HR, this is an opportunity I saw, the break of a wedge downward.
Missed a 45 Pip win on GBPJPY due to my short bias. Trade what you see, not what you think. I have been noticing that I have been missing potential winning trades due to my bias'. On the 4HR GBPJPY still showed sign off upward strength, as it was still creating HH and HL and the MA's were still crossed to the upside. There had also been a confluence with the...
Engulfing candle at a key level of Support / Resistance, 114.000, targeting 113.000, which is also a strong level of Support / Resistance
On the Daily GBPJPY has come to a level of very strong Resistance. The 100 Pip zone of 147.000 - 148.000 has proven as a level of Support / Resistance in the past as well, each time successfully rejecting price. Looking at Daily candles, I see a lot of bull rejection, which could be signifying a move downwards to the next zone of142.000 - 143.000. Lets see how it goes.
Wedge Breakout. MA Crossover 4HR MA still signifying Bull strength.
Break + Retest, Flat Top Triangle + Fibonacci Level, 4HR RSI and Key Level.
Break + Retest, Flat Top Triangle + MA Crossover, 4HR RSI
Shorted due to a Breakout of a Triangle Pattern on the 1HR Timeframe. Higher timeframes are also showing signs of reversals.
Short entered at the same sort of place i wouldve entered before on the retest of the broken trendline, however i missed that entry, but took one here. Short for 140 pips to the next S&R level.
Short Taken at the closure of the Engulfing Candle on the 4HR. Target placed at next major S&R zone, stops placed above Last Lower High
Long after a TL break and Consolidation Break. Target placed at a Weekly level of Resistance. Stops placed below last Higher Low
Long after a break and Retest of a Descending Trendline. Stops placed below Last Higher Low, Target placed at next S&R Zone.