Weekly Forecast & GBPJPY SHORT Trade Recap
Bias Analysis: Daily is in premium on the minor swing and at equilibrium on the major swing but with the 4H structure still bullish (CT) there is upside potential on this pair. Long entries were within the 1H bullish range and after a correction into EPD at NY open, entry confirmation was received after trade parameters were met.
Grade: High Quality Valid
What I did well or could've done better
- Used pair correlation to increase discretion during entry confirmation
Stayed focus during my NY Killzone despite being on the road which avoided a missed position on GJ.
DXY: Structure is bullish on DXY from the HTF down to the LTF's but with price in a 1D OB, we could see the reversal from this KI area. The development of price over the initial days of the week will signal how the weekly will distribute. Today, price is within a bullish 1H range with protraction lower at KZ open.
Grade: High Quality Valid
What I did well or could've done better
- Used pair correlation to increase discretion during entry confirmation
Stayed focus during my NY Killzone despite being on the road which avoided a missed position on GJ.
DXY: Structure is bullish on DXY from the HTF down to the LTF's but with price in a 1D OB, we could see the reversal from this KI area. The development of price over the initial days of the week will signal how the weekly will distribute. Today, price is within a bullish 1H range with protraction lower at KZ open.
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