GBPJPY 2/18 Weekly Outlook
Updated
Not interested in looking for buys in GJ, not taking any positions till price breaks out of consolidation. Expecting the market to take buy side liquidity before continuing bearish pressure to new lows.
Note
GJ broke structure which validates the sell POI around 157Note
GJ traded into a POI, and may shift externally in order to retrace for continued sells. This POI is an asia low poi however, asia highs and lows appear to be protected for JPY pairs. Similar to UJ there is an imbalance below, but price could clear upside liquidity before headed down. will be watching price action during asia for potential short term long Note
Price broke structure to the downside, sells from these areas are now valid. Note
Looking to sell from these areas on 2/23 2/24.Watch for grab of London liq and OF shift off POI
Note
Price tapped entry during London session. I was not awake. No trade taken but idea valid. Trade closed: target reached
Picture perfect analysis and directional bias. No trade taken, but this is what you want to do every time.
You had recognized the novice zone as a potential exit point, could have had an even greater risk to reward had you stuck to your analysis
Let the algo show you its hand.
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