Just basing this trade purely off market structure. Weve had a slight break out on the 15min chart looking for it to come back towards that congestion are. Low Risk on this trade as its purely off what looking at on the market.
I Think we could see the GJ move down towards the the 153 level today. news dependant, but also could go further entry - 154.2 stop - 154.7 t/p - 153 ( maybe adjusted)
Gold short down to the 1614 area Rejected off resistance around 1640 Think itll possibly test this area of supportnow
GBPJPY possible 1:5 short position With the new on the interest rates announced yesterday and the pound continuing to struggle after breaking that critical support area around 159.8 - 160 area I feel we could see this drop further back down towards the 158 mark and potentially 156 in the next coming days
Short Entry on GBPJPY 162.57 Rejects off a recent price area where it crossed a 40 day moving average and breaks back below the price of the 14-3 day raw stochastic RSI of 30% Looking for the price to fall down towards the 161.96 area & possibly further Will be watching price action around the 162.41 area S/L 162.87
HERE ARE THE KEY ZONES FOR GBPUSD SO FAR THIS WEEK. TRADING THESE ZONES WITH SWITCHING UP THE TIME FRAMES CAN BE VERY PROFITABLE. MORE TRADE IDEAS WILL BE PUBLISHED GOING FORWARD THIS YEAR. TRADE SAFE AND BE PATIENT