this video is an enhanced update of my last GA video now that the market has developed from its early stage of the upside. OANDA:GBPAUD
If I have truly read the market - what I have said should be what happens! This is the first time I'm capturing a full on reversal BEFORE I get confirmation - so I'm hoping that my perceived knowledge will be accurate, then what I will have is confirmation of what I perceived/analysed. Let's see how this unfolds - Did I really catch the reversal before confirmation?
Due to a messy chart in my last idea, I didnt see that my candle in 4hr had actually completed the low after it finished the temp short in my last idea. I have entered into the buy trade of GA, had a small loss due to a messy chart which caused me to misread, however, the strategy was correct, and I have now entered the buy I was referring to
Happy new week everyone - so I've been continuing to follow market structure from last week and I see the same thing - I'm waiting for this C wave to complete in 5M and then there is a move up pending.
I saw an opportunity to buy in a market which is a sell - but I know what I'm doing so I'm just enjoying
I have analysed the structure of the market from Daily all the way to 5mins to find at which stage of the structure we are at on each time frame - 1hr will complete this move and correct with a candle or two and continue its move down - we can really look for strong sells today
Based on my analysis in the daily time frame - I have seen that the market is in a corrective pattern and is now completing the C wave from the Elliot wave formation - yesterday the market hit the high that I was waiting for it to hit before I started to short the end of the C wave which it is in now. If anyone is looking for a trade it would be to sell GA
Where can GJ go after breaking the monthly high ? Listen here.
Now that the market has taken the asian low areas as displayed in my last idea - unless the market does something cheeky - I think it's time to look for set ups that allow us to really get the big move up - heading to the 214 zone which is the next monthly high area
Temporary short until the 202.4 area to collect the asian session lows - once it has taken liquidity - we can look for our strong trend to the upside.
I can see that the market still has a downside to complete - using the asian session strategy combined with the Elliot wave strategy to analyse the market structure - we can start looking for buys once it reaches my 4hr low highlighted in purple horizontal line.
GBPJPY market broke a key monthly high from which we see this sharp move up. The next area that we can expect market to reach is around 1,111 pipes away, touching the 213 area. I will be observing the market throughout the week as news could impact the market, however, there is a confident strong trend ready to go to the upside.
In this video I explain why the market is going up for GBPJPY and what I did to get to this conclusion.
Waiting for the market to break the area stated on the chart to enter the sell from last week
As market confirms it's direction I can see that market wants to take out previous session highs!!
I'll be selling GJ until the 201 area, market showed in my analysis after two confirmations that it will trend down to take out previous asian session lows, to around the 201 area, and I believe it will trend back up once it has taken it's liquidity. People will start buying straight away, but the market will do the opposite before it starts its trend, so I plan...
The market appears to be taking asian high liquidity, it is stop hunting before it makes the move downside.