'm shorting GBPJPY when the Tokyo Session opens: 1- I am waiting for a ranging period between 1800 and 2330 (London time) 2- Between 2345 and 0030 (London time) I am waiting for a market manipulation testing the previous range. 3- Between 0015 and 0045 (London time) I am deciding my entry. 4- I am planning to leave the trade to run to 157.150 (Previous Day...
I'm shorting GBPJPY when the Tokyo Session opens: 1- I am waiting for a ranging period between 1800 and 2330 (London time) 2- Between 2345 and 0030 (London time) I am waiting for a market manipulation testing the previous range. 3- Between 0015 and 0045 (London time) I am deciding my entry. 4- I am planning to leave the trade to run to 157.150 (Previous Day High)
Monthly: Recent break of the bearish direction that has been present since February 2018. Weekly: Bearish sentiment since December 2019. Resistance at psy level 0.70200, Support at psy level 0.67200. Daily: Waiting for the price re-test once or even twice the level 0.68500 then a possible short entry until 0.67500, RR=9. 4H: Possible re-test of daily and execution...
Monthly: Bullish direction, channel present. Weekly: Price respecting trend line, currently over a strong level Daily: 1 - The price can close over the trendline for the weekend (Entry 1) and next week aim to touch level 1,95500. 2- If break of trend (very unlikely due to recent GBP strength), to test daily level, retest trend line and aim weekly support...
Monthly: Price recovering from previous bearish feeling. Weekly: Bullish direction, respecting trend line, unlikely change in direction at this stage. Weekly resistance - Fib 0.6198 at 1.3168, likely to test, unlikely to break. Daily: Price likely to test the level showed in the weekly. 4H: Bullish candles, however not much money in the market...