GBPound Down
Hello Everyone .
My idea on GJ is based on price action & is taken with a top-down approach.
HTF : we can see a bearish impulse leg with what now seems to be a possible continuation flag.
LTF : within the HTF structure we can now see an ascending pattern ,giving me a more solid bias as we get near the Point Of Interest Zone of the previous high.
Trade : i will look for bearish price action on my trade time frames {15m/30m} to form and take this trade according to my trading plan . Should the chart not fit my plan i will not take this trade setup but wait rather for chart development
My idea on GJ is based on price action & is taken with a top-down approach.
HTF : we can see a bearish impulse leg with what now seems to be a possible continuation flag.
LTF : within the HTF structure we can now see an ascending pattern ,giving me a more solid bias as we get near the Point Of Interest Zone of the previous high.
Trade : i will look for bearish price action on my trade time frames {15m/30m} to form and take this trade according to my trading plan . Should the chart not fit my plan i will not take this trade setup but wait rather for chart development
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