EU analysis coming into London openToday we have a great picture of price action.
We have had a lovely push from the descending nature leaving a large buy range behind.
As always we will be looking to follow the current trend as best as possible. We have 2 ranges that we will be looking to target for entries-just like yesterday.
The first is the 15min range which is also the top of the 1hr range, this area is great, unfortunately its not at the discount of the higher timeframe run up, therefore its not quite as good as the lower range-which is IDEAL for a long entry.
I will be looking for a sweep of the EQL and Asian lows before entering on the lower timeframes. The yellow drawing is an approximation of my forecast.
I do also have a sell range at the top of PA, I will keep an eye on this for potential entries as anything can happen and its best to be prepared.
Happy Trading EnvisionEJ
Fulltimetrader
Possible EUR/JPY Short PositionSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-2 Days
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will be rejected at @124.926 level and move towards the first Target 1 level @ 123.627
FX:EURJPY
Trade Management
Entered @ Still waiting for confirmation.
Stop Loss @ Still waiting for confirmation.
Target 1 @123.627
Risk/Reward @ 2:2
Happy trading. Will let you know closer to the time if or when executed:)
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
GOLD: into FOMC minutes. Be careful!Hi Guys,
considering that many of us is extremely bullish following last Friday move I would be very carfeull in entering the market before the release of FOMC minutes.
Thank you for your attention, and please share your views and comments. Any idea is a contribution for a better understanding of The Matrix.
Please note that I am not a professional trader and these are my personal ideas only.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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