Reason for longing is because price is currently in an uptrend going towards our strong resistance area of 0.89100, price touched an order block of low touch on the uptrend area on the 15m timeframe and that is where we entered with tight sl. Tp1 0.87980 , Tp2 0.88270 , Tp3 0.89050
We can see that price has been ranging between 29800-31900 area for a few weeks now and we are waiting for a breakout in either direction, we also know that price has been testing the area more than 8 times now and the more price tests a region the more likely we see it push through. Price did drop to our sellside liquidty ~28900 in which we can take a long...
We can see here that GBPJPY has been ranging for the past couple days and is looking for liquidity to break out. It has touched our recent supply zone and if it follows history we can enter a short position with a tight SL of 183.890 and a TP of roughly 183.200.
EU has come into our 1hr resistance range after an earlier BOS , because sellside liquidity has now been swept we can look for potential buys in this area with a tight SL at 1.08320 and target recent highs at roughly 1.08940 with partial takes.
We can see here that price has moved into our S/R zone on the 4hr and also the 30min TF. We see a huge move to the downside making a COC followed by price moving back into that same range which we can enter a short position after confirmation , SL just outside the zone at 1.09312 and a TP at 1.08483, targeting just above sellside liquidity and towards supply zone...
We can see that there is an area of support and resistance that has been touched multiple times as well as a BOS towards the 1.28 mark , recent touch of this area indicates that we can take a quick short with a relatively tight SL