Mister Y - GJ - Monday - 17/03/25 Top down analysis

Gm,

Analysis explanation done directly on the chart.
Manage your risks, trade safe. Rinse and repeat.

Mister Y

Not

Update 1 (Monday, March 17, 2025 (GMT+1) at 13:50)

After 13:30 news release (retail sales), price spiked in both directions but it never broke the low of 192.370
to give us more confirmation that upside continuation will likely to continue. (why I can't upload updated chart
as well, damn)

Next target it could potentially be 193.500 since we are in trending season it can definitely happen but we
need to see how the next 1h-4h closes for more confirmation

İşlem aktif

Update 2 (Monday, March 17, 2025 (GMT+1) at 16:32)

The ideal continuation tp was 193.400 since it's the next daily R but
having price discrepancies from different chart broker missed the daily R
So just to keep in mind that for me it's better to use FXCM broker chart
for more accuracy.
The idea played out perfectly, on to the next trade!