Pound Inggris / Yen JepangPembelian
GBP/JPY - High Probability Long Trade Idea
Breaking this trade down starting from a Higher TF.. We are Bullish, we are clearly in a parallel channel making Weekly HH's, Daily we just make a push of a strong Demand zone. I now will be looking for some sort of pullback before looking for Long Positions
In the smaller TF starting from 4H... We can notice price has just made a Double Top acting in my opinion as a strong magnet for price to liquidate. Following this prior push of the Demand zone we have made some strong Lows that price has been moving strongly off and we have created lots of Imbalance and Sell side Liquidity. AGAIN, confirming that I would like to see price fall to grab that liquidity before making another push to the upside.
My indicators show that MACD is supporting short term sellers momentum but the daily is showing beginning of bullish momentum. IN MY EYES perfectly describing a setup for a large Intraday swing trade.
Our entry model will adjust closer to Price action but we have two targets for price to move too before looking for our Entry's. 1 is a Small demand zone setup up just before Buy side Imbalance acting as a FVG entry and our second is a Mitigation block taking out that Imbalance
Good Luck to the Traders that decide to follow
In the smaller TF starting from 4H... We can notice price has just made a Double Top acting in my opinion as a strong magnet for price to liquidate. Following this prior push of the Demand zone we have made some strong Lows that price has been moving strongly off and we have created lots of Imbalance and Sell side Liquidity. AGAIN, confirming that I would like to see price fall to grab that liquidity before making another push to the upside.
My indicators show that MACD is supporting short term sellers momentum but the daily is showing beginning of bullish momentum. IN MY EYES perfectly describing a setup for a large Intraday swing trade.
Our entry model will adjust closer to Price action but we have two targets for price to move too before looking for our Entry's. 1 is a Small demand zone setup up just before Buy side Imbalance acting as a FVG entry and our second is a Mitigation block taking out that Imbalance
Good Luck to the Traders that decide to follow
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