20 March 2023 | Monday Trade outlook
Good Afternoon Team
From Sunday's outlook, I anticipated price to go to the upside (buy) due to the research gathered based on Friday close VS Monday close
The research concluded that if price closes bearish on a demand zone Friday, Monday has a high likely hood of price closing bullish. In this case on Monday price can grab liquidity to the downside or can just massively shoot to the upside.
Based on my performance today when sending a setup for an entry at 160.22 and stop loss at 159.95, I anticipated price to test yesterday's low in which is Friday's low and the low is also the monthly open. So I was expecting price to just test and shoot to the upside.
However price gave us a massive sell to grab the swing sellside before it could reject and give us the low of the day.
The mistake that I made on my trade was not to consider the London Killzone to start before sending a setup entry.
I am still anticipating price to continue to the upside.
Happy Trading!
GBPJPY
From Sunday's outlook, I anticipated price to go to the upside (buy) due to the research gathered based on Friday close VS Monday close
The research concluded that if price closes bearish on a demand zone Friday, Monday has a high likely hood of price closing bullish. In this case on Monday price can grab liquidity to the downside or can just massively shoot to the upside.
Based on my performance today when sending a setup for an entry at 160.22 and stop loss at 159.95, I anticipated price to test yesterday's low in which is Friday's low and the low is also the monthly open. So I was expecting price to just test and shoot to the upside.
However price gave us a massive sell to grab the swing sellside before it could reject and give us the low of the day.
The mistake that I made on my trade was not to consider the London Killzone to start before sending a setup entry.
I am still anticipating price to continue to the upside.
Happy Trading!
GBPJPY