We clearly saw price rejecting our channel support, now breaking it down, we can see on the 15m Chart a previous high has been taken out annd a new high being created, which shows high probability of bllsh price movement prior ro NFP
We are will bullish on GBPJPY, price is currently rejecting off an AOI around 192.41. We will ignore the London open trade as theres is no visible level of entry, we will how ever prepare for NYC open. where we will see price take out the London lows for a continuations of the bullish rally.
We seem to have entered ino a consolidation, price rejecting off equal highs and lows. however we can clearly see a beautifuly formed H&S pattern, so technically this should still drop
Looking for a further drop on Gold. once the supply has been tested we will see a decline in price
GBPJPY we have seen the break out now the market has pulled back to retest the break. wee will see more buyers coming in to push the market higher.
Longs Taking us further up, following price breaking out of the bearish channel. since price has broken out we should expect a pull back/ retracement to retest the broken trend. AOI @ 193.318 this is the level where we will see price come back to retest and our longs should be active. Targeting highs @195.998
Gold shot in coming. Price on trend channel resistance, with a fresh demand at 3089.029 which should be tested before we see a further rally to the up side.
This is an updated analysis on the previous analysis I did on EURUSD. We are still have the same out look on this pair. price has completed an structure that has been forming approaching the Daily demand. now rice has finally trigger the Long entries
H1 structure has been broken, looking for price to retest the support turned to resistance then give us a further push to the downside which will expose our next key level as a H1 demand.
On USDJPY we can see price currently tagging a Dailly supply zone. which is also a weekly chart zone which makes it a nested zone. with a high scoring zone and makes the trade high probability zone. We will see price droping to the asending trend line
Upon retesting our demand we now have a strong push away from the zone and which leave the current S/D zone in control. This will also complete the falling channel
We are currently on a H4 supply, looking for price to drop towards the opposing demand which is a daily chart zone. where we could see a possible rejection or price reversal.
Currently we have a strong supply nested on multiple time frames, meaning that there is a higher probability of price reversing from here on. and as confluence we can see that from previous touches price has been reacting to the level. this will be a long term swing trade
With an obvious imblance that has to be filled we are looking shot positions to take us to the weekly demand. then from there take long positions.
a rejection off the recent fresh supply will take us to the newly formed demand.
waiting for price to retrace and reject off newlly formed demand