Hello!
We have seen some consolidation for some weeks now on GJ before the quick push to the down side to define our structural bias for this pair. Seeing how we have formed a clear CHOCH or BMS on the higher timeframe we will be looking to see the JPY gain strength in this coming weeks, that having been established we now look to a strong supply zone from where we will be selling this pair to the next lower low. This supply zone has been marked out on my chart and seeing the frequent rejections from there by the candle sticks gave us a further confirmation to sell. Hence trade has been triggered!!!
Cheers!!!
Under Cover Trading
Swing Trading Simplified
We have seen some consolidation for some weeks now on GJ before the quick push to the down side to define our structural bias for this pair. Seeing how we have formed a clear CHOCH or BMS on the higher timeframe we will be looking to see the JPY gain strength in this coming weeks, that having been established we now look to a strong supply zone from where we will be selling this pair to the next lower low. This supply zone has been marked out on my chart and seeing the frequent rejections from there by the candle sticks gave us a further confirmation to sell. Hence trade has been triggered!!!
Cheers!!!
Under Cover Trading
Swing Trading Simplified
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