Looking for this structure to fail downwards as London approaches.
It's still early, but this is what I see on GJ. I will keep you updated as price action progresses.
Looking for support to break to the downside. Price could go a lot lower than this .618 target. Having a runner could be a great thing. Also, Price could go up.
Big-sell off yesterday. I think GJ will retrace to something like 183.500. GJ could go further to 182.700, which is a major .618 retracement.
If price waits for closer to London to breakout, we could have a high probability sell trade.
Potential GJ Buys: Price may retest the Green descending line. I won't be sticking around to find out. I will exit a little beforehand.
This picture represents many days on GJ. GJ will find support and go up. that Blue descending trendline is significant as Support. That green descending line is also important as Resistance. Safe tp would be .618 off the current high and low on 30m. that's 70 pips. 1:3 Need breakout to the upside for this to come into play. Up +2.5%, London better be good for me...
-GBPJPY Sells look probability possible. -Looking for .618 as TP. -Looking to take an Entry as we approach 1 hour prior to London Open.
Orange =London Yellow =NYC White = Asian GBPJPY Setups for the month of Feb 2023 GBPJPY Setups for the month of Feb 2023 GBPJPY Setups for the month of Feb 2023 GBPJPY Setups for the month of Feb 2023 GBPJPY Setups for the month of Feb 2023
GBPJPY Setups for month of FEB 2023 GBPJPY Setups for month of FEB 2023 GBPJPY Setups for month of FEB 2023 GBPJPY Setups for month of FEB 2023 GBPJPY Setups for month of FEB 2023