GBPJPY still gives bearish sentiment$$$Took a short yesterday that went according my analysis. After a retracement and doing further analysis my bias is still leaning heavily towards the downside. The monthly nor has the weekly high been breach to make a new higher high. Right now, i'm looking at a rejection on the 4hr and 1hr timeframes that looks to be hitting resistance inside of a fair value gap. My intentions is to dropdown into a lower time frame and look for an entry to short the market.
The Asian and London highs has been breached absorbing liquidity in the form of buystops. After a low or high is taken price usually runs up about 20-30 pips more before making a correction or trend reversal.
Everyone have a safe and productive trading week!!!
Forextradeidea
cad/chf looking for a sell off at this resistance area???hey everyone, back at it again this week! Lets dominate the Charts and set ups this week!
with that in mind, also remember we have A LOT of HIGH Impact news events taking place tomorrow and we can see some insane movement
please remember information shared is for educational and demo purposes only!
Disclaimer -- Past profits don't guarantee a future result, trading is risky and we can loose 100% of our account balance.. NEVER TRADE with money you cant afford to loose!
NZDCHF Analysis: Update and ClarificationMy apologies! I totally skipped an available opportunity in this pair! It was worthy of mentioning, and I didn't.
NZDCHF has indeed broken structure to the upside, and we now await a return to impulse. However, there are plenty of pips to brab before price hits that bullish order block!
A short for day traders and scalpers is available right now, as price is rejecting from a bearish order block!
Check the video out for details.
GBPJPY short valid 🇬🇧🇯🇵💱✅Hello traders
Quick dinner time idea for today.
Our strategy says it's time for a short on GBPJPY
Working the H1 chart here with a risk reward ratio that is just shy of 1:2.5
Have a look and lets see where this trade goes.
I never recommend jumping on random trades as it's not a consistency trading structure to implement.
Any questions on the strategy in use feel free to ask.
As always the back test data is at the foot of the idea.
This years performance is shown to date. Based on £1000 capital risking 1% a trade.