Hey traders we just had the inflation & interest rate news come out for the GBP pairs and the reaction is sending price action down to a potential advanced pattern completing at 1.5269's. i like to give 15 minutes for news to play itself out and afterwards I'm allowed to continue my trading Also as a reminder tomorrow is also a big news day as we have the month...
NZDJPY Completed the bearish bat in the supply zone area. Entry @ 82.114 Stops above the zone ( added few pips, I may adjust a little bit later) 1) Take profit 1 = 38.2% 2) Take profit 2 = 61.8%
A close above the structure high will significantly give us a chance to go long and target to the D1 Supply area . We could see potential reversal around the PRZ level which are the horizontal lines . Sell limits can be placed @187.335 and target to 184.86. This method is known as the RSI+BAMM method . You could see the initial X point has RSI OS area and...