#Testing New Strategy - Fair value gap is a correlation between 3 candles and the gap if any between the two on moves uptrend or downtrend. -Price seems to respect these areas so i want to test this out.
Okay for a trade today that im viewing im seeing expected downward pressure from GJ to open the week. amid BOJ news to come i can see a return to strong support(180-180.5). Im currently watching to see if price stays under resistance(181.4).
with gold forming strong resistance around 2k, looking for a new buy zone before we reach towards previous high's (2018). possible breakout towards (2060-2080)
Post Weekly Trades ft CHF/JPY -this week we seen price action for this pair along with a couple other jpy pairs move in accordance with one another. -Big Breaks from support and resistance weren't happening as much as news came into the markets from BOJ mid week. -Volume entered the New York session heavy this week. most moves were setup and executed...
looking at what i predicted price action to reach i could have just took the trade, but allowing it to play out reaffrims my next move of catching it back to key resistance around (181.2-181.3). short a few lots towards (180.8) 40 pip move. Lets See
in & out on a scalp. think it can find support at 33k
seeing good movement on the commodity. looking for a buy stop on the 2k break.