Treehawk_Trader

Treehawk_Trader

GBP/JPY sell Bearish 'W' Pattern on the Daily T/F. Was waiting for deceleration to take place, this has now happened (around and beyond the 0.618%, measured from the daily T/F). Waited for shift of structure (SOS) on the 15M, this too has now happened. Then waiting for a pull back, with limit order set beyond the 50% fib level (measured off the 15M T/F). Trade now...

Treehawk_Trader

USD/JPY Trading Long. Bullish 'M' Pattern on the Daily T/F. Entry critera met on the 4H, after deceleration has taken place around, and beyond the 0.618% - measured from the daily T/F. Waited for shift of structure on the 15M. This has now taken place. Waiting for a pull back, with limit order set beyond the 50% fib level (measured off the 15M T/F). Excellent risk...