GBPJPY LONG IDEA
Classic break and retest theory
We ran a previous Daily high after breaking a swing high to the upside, we have volatility induced at 0030hrsNY.
The swing broken acted as support and a continuation higher is probable. Expect all momentum to be bullish and draw to the Previous Week's Mid.
Asian Close Entry with a continuation to New York higher squeezing all net short traders.
We ran a previous Daily high after breaking a swing high to the upside, we have volatility induced at 0030hrsNY.
The swing broken acted as support and a continuation higher is probable. Expect all momentum to be bullish and draw to the Previous Week's Mid.
Asian Close Entry with a continuation to New York higher squeezing all net short traders.
Note
Anticipated final draw at 162.00Note
Confluence: Liquidity has been generated and we have traded at 161.00 on Monday. Orders have been collected and the next target should be 162.00 expecting a sweep at least 10pips aboveTrade closed manually
Closed 90% of positions, positions at breakeven expect a reversal, since it seems like market structure has shifted. Smart money has paired short entries.Note
Most traders a looking for long entries when Smart money is liquidating long positions. Be safe
Note
Is the analysis random? I think not. Solid win. Stay frosty.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.