From the Daily all the way to the 15 Minute timeframe GBPJPY is bearish. at this point trend is our friend, we are currently trading under my 8 EMA which also is a confluence to my analysis. previous lower high was just broken with the precious one hour candle that just opened which could be a possibility we see GJ continue down to the 155.200 level .
* simply...
- Nice intraday trade for gold I'm still holding a short on this pair from Monday i believe.
- I saw exhaustion on daily
- Run down / now making LL & LH
- i have 2 TP on this pair i would have too see how the first TP reacts and depending on that ill see if i hold or close my trade or let it run for 2nd TP.
- Possible +400 pip move on GBPJPY
- This trade isn't is not something I've personally taken but i will wait for more confluences so I can place my buy order.
- i have multiple TP for this trade if it meets my plan.
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TP1 : 146.807
TP2 : 148.438
TP3 : 150.289
a lot of confluence with this trade on high time frames which is my favorite. I've pointed out some things on the chart that i really liked. and ill be watching this pair for a couple days for possible shorts.
- Rejection of monthly of supply zone
- Monthly is very bearish
- Weekly structure was broken to the downside & now where looking at retest/orders being filled at 1.88
- Daily is forming a inverse head and shoulders something to look out for / still testing resistance
* ill be waiting for more bearish conformation to execute this trade. but definitely going...
* This is not a signal / Simply my analysis *
- Weekly bearish
- Daily bearish
- 4H Bearish
- 1H Bearish
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this isn't just what i look like in order to enter a trade but that means a lot for me based of my strategy.
: - Gold looks interesting this pair is definitely on my watchlist for now.
: - If i looking to trade this pair ill be looking to go long. * THIS IS NOT A SIGNAL *
- 61.8% hit on W ( As stated in picture )
- W Pivot acting as resistance
- hit of 50 EMA with 78.6% PRZ level hit on daily.
- 1H Buyer exhaustion / with Daily pivot acting as resistance /
- 30m Double top with break of neckline. ( Structure being broken on lower time frames. )
- 4HR rejection of 50% PRZ Level
- Daily Pivot acting as resistance for current candles
- Break to the downside for triangle pattern
- Test of strong EMA / And clarity of clear downtrend for this pair
- 4H exhaustion
- Overbought on RSI
- Approaching daily resistance
- 1H buyers momentum slowing down and having a hard time breaking 1211. price area
- Lower time frames 5/15/30 as well showing exhaustion in buyers. 5 Minute timeframe looks like a double top and showing no signs of HH forming which is signs of market transition.
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This is just my...
GBPJPY / Neutral :
- This pair is on my watchlist for this week as of right now just watching it its in a bit of consolidation looking to see which way it breaks out too. based of what i see i would like this pair to push too the upside. if it does ill be looking for some buys until it hits some of the areas i have highlighted ill be using those as TP if i do...
EURUSD / Short :
- i have EU going bearish reason is that is a daily resistance point also 78.6 % PRZ Zone right now I'm still looking for more conformations for me to enter a position but i have been waiting for EU to do this. i caught about 140ish pips on the bullish run. but now EU is showing a lot of weakness on the 5m to me this is a good sign but still...
EurAud is looking bearish many confluences & market patterns forming what seems to be a head and shoulders to go with my bias. also i have many TP for this pair but i will ultimately be looking for a long bearish run and I'm looking at a 300 pip drop. again this is just my analysis i do this for my own good and in no way shape or form educational purposes.
This is not a notification for signals this is simply my analysis for this pair going into the week so please don't Buy/Sell based of my analysis I'm not responsible for anything.
