Hi, been looking at the pair thinking this could be a potential area for reversal an area where price has bounced off before so could potentially be an area where institutions are protecting positions. RSI also showing coming into over sold zone.
Just proofed that what I’m doing works BOS , fair value , structure , and supply / demand !!! I predicted three trades of this sort today totalling 15k in profit if you are using FTMO 70k account using 2% risk which would = size 18 lot sizes
and it’s live , went into zone and now we go down to previous BOS. Predicted or analysed this move yesterday hope you followed or took my view
We have aggressive selling ✅ We have a fair value gap ✅ BOS - break of structure ✅ Nearing resistance ✅ Supply zone ✅ Now just awaiting a slow move into the supply zone to validate it ⏰ Then taking a short down to support
GBPJPY, are we looking at the start of a downward trend ?
Returning to the supply zone slowly and not bursting through ✅ break of structure previous ✅ Fair value gap ✅ Does anyone have any thoughts on this set up that I have what you think I could do better or what I could analyse to help identify these positions more often/ stronger positions?
Price has moved up to supply zone, fair value gap is there , and break of structure so I am entering a sell down to a previous BOS aswell as an area where there is support/ resistance.
Looking for comments on my recent analysis of GBPUSD using supply and demand zone indicator aswell as break of structure, what do you think will happen?
Your welcome , predicted this king position when the price broke the trend ,retested and baboom we have a reversal.