Some bullish momentum opening on GA, potential for 1:2 and 1:3 risk to reward ratio trade setups
What are we looking for here? massive sell side potential , confutation from previous weeks of bearish momentum , giving enough room for price to dip below 0.75300 opening room for 0.7400x and 0.6900x respectively
4HR ANALYSIS showing; bullish engulfing ,morning star reversal pattern we have a pull back down to 61.8 off the 1 hour time frame where our entry is @1.66900 for longs, risk is 1:2
At first glance when you look at this trade you clearly think its going down , which isn't wrong but its the timing that's off by a bit over time you will come to realise the same eyes you use to see the market are what every body uses too, and that makes you part of the herd and a sheep and boy are you destroyed !! this is what I see yet, many of you see...
Since start of 2021 we had highs on GBPJPY hovering @141.2x struggling to break above , but failed at (X-1) we have push lower for sellers to cover up some loses towards the last lows @139.5x and the lows held strong at (Y-1) Bullish momentum kicked in at (Y-1) enabling buyers to take control upwards for another re-attempt to break the last point of resistance at...