Waiting for a volatily spike to either spike up and come down 1509.60 area OR to close above and then consequently close below 1509.60 area. It has to meet either criteria in the next 2 days or the setup becomes invalid. Stop Loss will go above the high of the candle if it meets the above criteria. Take profit is around the first minor swing around 1463.14.
According to technicals, and confirming the trend on the Daily timeframe, this level appears to be an interesting level if price breaks that zone.
I like to keep my charts simple with a few regions and/or support and resistance levels. As everyone can see on the daily timeframe GBP/JPY rose in waves but that last wave rose quite fast and fell lower even faster. This suggests, according to my opinion, that there is little interest in taking the pair higher at least in the medium-term. The area where I've...
Hedge Funds and other companies are investing heavily in the Cannabis sector, and this company is relatively cheap. Which means that those companies investing in the sector are incrementally accumulating their positions. This also means that those companies will purchase stocks where they believe it to be cheap and that entry area is a good area (based on...