Breakandretest
Long on GBPJPY
Reason for Entry (RRR) :
Trend overall bullish, Level 2 MM (Market Maker) Cycle, Break and Retest of 1H Resistance, Hammer Candle printed on the 15m
Outcome :
Feelings going into trade : After studying the Market Maker Method these last few days, this entry became clear as day and I feel way more confident entering off of the 15m now. TP1 nearing before I could even finish my journal entry. I WILL BE A FTMO CERTIFIED TRADER!!!
Feelings after trade :
GBPAUD! Bulls aren't done!Going off the update in my last post, The bulls have managed to secure a bullish 4hr candle closure breaking the trendline now we will look for a retest and rejection to solidify a bullish victory and enter our trade. Beyond technical analysis we will be monitoring the strength of each currency pair and how AUD reacts to tonights news event.
Break Of Key Level XAUEUR, we have a bearish hidden divergence formation, and also a break of a structure and a clear rejection of the TL, it’s a 500 Pips move, catch it if you can, FYI that’s a daily chart, go lower the catch a good entry.
I will wait for the daily candle to close for more confirmations.
Nzdchf H1 Sell !! Head and Shoulders Pattern.Nzdchf has recently created a head and shoulders pattern and price is currently below the neckline of the pattern. I will simply be looking for a retest of the neckline, CONFIRMATION that the neckline which once acted as support is now resistance, and then i will be place a sell order. Stops will be placed reasonably above the neckline. targets will be at the major low as indicated by the arrow. however i will be taking some profits at the recent low.