GBPJPY - TRADE SET UP - 30M CHART

Updated

Hey Traders, price is boxed into a 45 pip range between 184.71(low) and 185.15(high). Monitoring Asian session for price action to determine how to trade this coming into 06:00-08:00 London. My bias is BULLISH today, however be ready to trade either way.
DIONNG

Note

Hey Traders, notice how price went past the 60% Fib. level before bouncing? It went 28 pips lower to the previous demand area taking out many traders that bought off this level. If you took the breakout trade there was a potential 60-70 pips. I took BUYS at 184.30 level and closed positions between 185.00 and 185.30.
DIONNG

Note

Hey Traders, monitoring GJ during Asian session. Priced boxed in between 185.80 and 185.30. Waiting for 06:00/06:30 to determine how i will tackle this trade. My bias is to the upside(a test of the 186.80 area). A pullback for a "discount" on the price is desirable. As always, be ready to adapt either way.
DIONNG

Note

Traders, GJ made a HH and a HL. Uptrend still intact until 184.07 is broken. Support 183.35, resistance 185.75. Boxed area is 184.77/184.25. Trade accordingly.

Note

Hey Traders, GJ sold off yesterday all the way to support level at 183.35. Price broke out London open(08:00). Break out/retest traders got the chockies.

Note

DIONNG

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