GBPJPY 15 Min Timeframe,
Welcome back. These are two trade ideas i will be personally partaking in, not so much setting a a limit, but watching price action unfold in this range.
Illustrated in the chart we have divergence between EURJPY and GBPJPY. As shown EURJPY is going on to make a higher high, while GBPJPY is unfolding a lower low. Meaning, in my opinion and in my beliefs, a weak GBP and a strong GBP. last week we had the same thing unfold, to then reverse towards the end of the trading week.
Anyhow, Confluences for this chart.
- if we are thinking like smart money how can we set this up?
- well we have internal liquidity that can provide for a nice pump in funds to us. We have sellstops as targets, so now we have targets.
after taking IL, we are looking to rebalance price action by filling in 50% of the imbalance or if need be the imbalance itself.
Welcome back. These are two trade ideas i will be personally partaking in, not so much setting a a limit, but watching price action unfold in this range.
Illustrated in the chart we have divergence between EURJPY and GBPJPY. As shown EURJPY is going on to make a higher high, while GBPJPY is unfolding a lower low. Meaning, in my opinion and in my beliefs, a weak GBP and a strong GBP. last week we had the same thing unfold, to then reverse towards the end of the trading week.
Anyhow, Confluences for this chart.
- if we are thinking like smart money how can we set this up?
- well we have internal liquidity that can provide for a nice pump in funds to us. We have sellstops as targets, so now we have targets.
after taking IL, we are looking to rebalance price action by filling in 50% of the imbalance or if need be the imbalance itself.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.