Looking to take a short-term long position on GBP/JPY with the potential of a bullish run. Market Sentiment: 46% Short | 54% Long
I'll be expecting the price to retrace back to this previous zone where I will be taking a limit order buy. The expected RR is 1:6.
Spike during NY Open, looking for shorts if it reaches this resistance again.
Looking for potential buys around 34886 on US30. Expecting a potential push downwards during NY open before pushing back up where we will get triggered in. I have set a buy limit and will adjust it accordingly.
Looking at two potential GBP long scenarios. One breaks down bearish to previous resistance (1.29800), rejects it then continues to go up. Another where it breaks up out of the consolidation and we enter when it retests the new consolidation that was created.
Broke out of a resistance on the 4 hr. Has retested the resistance.
Gold has broken resistance and is coming down to retest. If I see it retest and show signs of bullish trend I will enter.