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.