These are the 3 scenarios that I see on GBPJPY. Bias is to the downside, however, candle action will decide.
My Bias is to the downside to at least 1685. If the price bounces off this support to the next resistance I will look for sells, until the price breaks BOTH trend lines. Obviously, I want a nice 4-hour candle close before taking any sells, as I do with every trade!
If the price can close around this zone, I'm looking to sell, with my SL at the previous high. Will wait for the next 4-hour candle to enter if selling pressure seems apparent.
Looking for price to retest zone before flying up! Let's see how this goes.
My bias is to the downside on AJ. Price has retraced to the .618 zone and appears to be rejections resistance. I'd love to see the price break below the zone and retest. Time will tell. I'm in for a sell on Tokyo Session open.
Here's my plan! Should be pretty easy to follow. Let's see how price plays out.
Bias is to the downside, the next support level is around 1.167 and it looks like the price is retesting the support now turned resistance now.
Let's see what price does. I'd prefer a break above but if price retests support I will enter there and look for another entry at the break above the resistance.
Let's see what happens, I trade 4 hour candle closes. Looks like the price is retesting now.
Look for a retest of the zone, no retest, no trade for me. We'll see how this goes.
Will not sell this pair without some kind of retest. Let's see what happens.
Looking for sells on this pair. Will watch candles for entries.
Seems like a pretty clean bounce off of support. Let's see what happens.
Itching to see what USDCAD does once it touches 1.305. Will be looking for a huge sell-off or a break above. But I trade 4-hour candle closes. Price action will tell me how to proceed.
Looking to long this pair as candle closed above SMA and resistance while in apparent uptrend. SL goes below the previous low and we shall see.
Would love to see GJ tap into support, but I will wait for the 4-hour candle to close. If I see rejection, I will buy to resistance.
Let's see what happens :). Price Action determines what I do but I always wait until NY 9:15AM EST to trade.
I'm looking for price to possible bounce off of support for the 3rd time OR break below and retest. Waiting for 9:15 AM EST or NY session before I take any position.