Looking from H4 TF we're currently on a retracement from a concluded Bullish impulsive move. while the retracement is ongoing, a lot of liquidity traps are been left behind. There is a possibility of some more sell setups to complete a deeper retracement but from this setup we are looking to buy as we have a confluence of trend, minor liquidity wipe, order block...
Took a minimum loss in GJ anticipating price push further up...keeping daily bias as buys in mind..But did not play out
Another breakeven trade in NY, It has been a hard day for GJ..too volatile, no significant volume so far
A breakeven trade to start the day, not a high probable trade even though the HTF's are bullish because of the ugly range at left
Today looking for buys above the levels as mentioned in the chart
Get ready for the huge bearish momentum. Wait for the setup. !Happy trading
Confluence: 1HR unmitigated demand level/ support area 3 push down completed cycle support from 100 MA OVerall uptendin HTF
RSI is making a hidden bullish divergence as price is making a higher low but RSI is making a lower low. Price is trading above 60 RSI levels in Weekly chart, and in 4 Hr chart RSI is gaining momentum,
Took GJ sells in pre NY, loss trade of -13 pips and -1% loss, no chance to manage
Have a look at this can take at respective levels with proper risk management.
As gbpjpy is rejected from the resistance level it seems to be bearish
Anticipated prelondon volume comes in after making a nice bottom wick, It formed a support , as higher timeframes are bullish
weekly for gbpjpy daily for swing trade .remember always lose less to make big profit
Setup Contains: 1. Daily Liquidity ✔ 2. HTF Point Of Interest 3. Break of Structure 4. Return To OrderBlock (Expecting) FOLLOW PAFX & TRADE LIKE BANKS 💸
Today, I have taken breakeven trade in GJ, as the volatility is really hughe, managed quiet aggressively keeping left side ugly range in mind
GBPJPY is building a nice bearish structure in future it is expected to be bear. Wait for the right setups !Happy trading
Trend reverse from the trend line and match the FIB 61.8 so we can expect some more possibility to go UP