Forexplus_

Forexplus_

Most times, the best set up is patience. The market has respected our previous buys and now our sell limit. I'm bearish on the retest on the double top neckline.

Forexplus_

The line of least resistance is done... Price has no way to go down but down.

Forexplus_

Our buy stop was stopped out by 6 pips to our take profit price @ 151.071. The H4 order block is a better tp zone but went further to target the hourly order block instead. Double top and false breakout to the upside. Concerning this trade on the 4H, will be taking a short targeting the order block @ 149.884 on the daily.

Forexplus_ Updated 

After the close of the daily candlestick, the market closed bullish. We are going with the trend to our level @ 151.515. At the moment we expect a push/break above 150.670 for a buystop. A better view on the hourly The daily bullish belt. Remember, the market follows the path of least resistance.

Forexplus_

It's a new week i hope you are pumped for the trading weekend. On the opening of the market, we can see a possible high forming on the hourly and breaking the high @ 149.761. If the market can close above 149.761, we should expect a bullish run or push up to 151.010. Meanwhile, on the H4, price seem to be respecting our support line @ 149.471. On that note....

Forexplus_

If you followed the previous analysis that was made on this pair www.tradingview.com . Youll notice we were expecting a reetracement to 150.715 level. It wasnt safe to enter a buy then to exploit the opportunity the retracement will provide. I'm not uncertain the GBPJPY is ready for a short term bullish movement. My reason being, checking the hourly tf,...

Forexplus_

I could kid you and write fancy set ups and possible reasons why I'm not uncertain about a possible sell limit. But it all boils down to the path of least resistance. If the market is in a downtrend, there's tendency it'll keep breaking previous barriers and keep accelerating. So we want to be in sync with the market and wait for retracement at previous dynamic...

Forexplus_

Notice the market fell after rejecting the point of least resistance on the daily on the Daily bullish stick.

Forexplus_

Market went south. Made a point of least resistance at the bearish daily candlestick formation.

Forexplus_

Buying GBPJPY to 151.925. Check previous trade alerts for more info

Forexplus_

Expecting to sell this pair when it crosses our sell stop to the downside.

Forexplus_

Taking a buy to hit our previous highs, after price has made bullish penant.

Forexplus_

A Buy for potential bullish run.

Forexplus_

Got stopped out on previous trade. we"ll be re_entering with a buy stop.

Forexplus_

A Buy for GBPJPY to catch the third leg

Forexplus_

Expecting a bullish run

Forexplus_

We watch a buy to the highs.

Forexplus_

A buy for GBPJPY after a double bottom formation which signifies a reversal.