New Trade Idea

USD/JPY Sell Limit

Entry Price 115.750

Stop Loss 115.830 (8 pips)

Take Profit 115.119 (63 pips)

RR 7.89

https://www.tradingview.com/x/GQATBOQr/

Closing my sell order on USD/JPY now members - prediction was correct & price did slightly retrace but didn't quite make it back up to our point of interest.

I know some of you got in on this with market execution however so keep showing your profits for the day!

Currently looking for further opportunities for the day ahead 👨🏻‍💻👀

https://www.tradingview.com/x/I4v9ibZ5/

New Trade Idea

GBP/USD Buy

Enter Now

Stop Loss 1.35800 (15 pips)

Take Profit 1.36823 (86 pips)

RR 5.6

London session market opening just starting now and expecting a surge of volume to come into the market now.

Price has already formed a significant higher high & higher low so expecting price to create another higher high here after this bullish engulfing candle on the 1h timeframe.

15 pip stop, let’s see how this one plays out 👍🏼

https://www.tradingview.com/x/6TPPlH4K

Boom! London session volume steps in as stated, will be looking at making this trade risk-free around 1.3650 if we can maintain this bullish momentum - will keep you all updated throughout 🤳

https://www.tradingview.com/x/50Tfabe5

New Trade Idea

GBP/USD Sell

Enter Now

Stop Loss 1.36485 (16 pips)

Take Profit 1.35800 (52 pips)

RR 3.25

https://www.tradingview.com/x/P7JZVBY3/

Price currently throwing rejection wicks to the upside and from the double EMA's.

EMA's have also crossed over to the downside which is good to see. Especially since price is over extended here after creating a new higher high in the asian session.

However, this support is holding fairly decent also so far on lower timeframes but patience is key and let's see how this one plays out.

I am overall bullish on GBP/USD long term but this is a nice opportunity to catch a short-term sell position from this area here for price to come down & form a new higher low before another leg to the upside 👍🏼

https://www.tradingview.com/x/lcFVF12u/

My GJ Top Down Analysis for Next Week

1w
Starting on the weekly, there isn't too much we can get other than focusing on the weekly highs. We can see the top of the weekly range being 158.230 in OCT last year in which price has now tried to revisit over the last 2 weeks but is now forming new lower swing weekly highs suggesting bullish momentum is beginning to slow down. A potential pullback target could be 154.00 which will be cleared up as we work our way down the timeframes.

1d
Moving onto the daily, things start to look more clear with a likely double top in play. We see the initial high, followed by a higher low, but then price failed to create that new higher high like we saw on the weekly. Price then was forcefully pushed down & a new official lower low was created. So now we are looking for a potential new lower high since market bias could be shifting to bearish. Our 3 daily levels of support to be aware of are 156.000, 155.467 & 154.222.

4h
Here on the 4h is where things get interesting, since price is looking to turn bearish, we want to find the highest point to sell at. So we need to build as much confluence as we can on a specific point of interest on where we could go short from.

We can see we have two 4h liquidity areas highlighted in blue where price could be forced into to pick up orders before continuing to the downside. Price could respect the first one to maintain the current LL & LH market structure but if we draw a fib from the weekly high to the weekly low of last week. We have a great match with the second higher 4h liquidity region where a lot of money has been coming in & exiting the market for the past 2 weeks. Definitely a point of interest to consider.

As a potential downside target, we also have another 4h liquidity region which aligns perfectly with the 61.8% extension as well as the 154.000 psychological level possibly indicating that we could indeed see some form of a 4h wick(s) into that second higher 4h region for a great area to possibly short from.

15m/30m
Now moving into the intraday timeframes, we can see that price has been trending nicely with 3 primary pushes to the downside where there will now be many stop losses above these lower high swing points. Since we have had 3 pushes, we could now expect a rally back up to clear out all this liquidity back to the upside into our areas of confluence drawn on the higher timeframes to complete the cycle.

If price does this, it will also then be creating potential liquidity along the way to the top on the higher low swing points where price could then do 3 pushes to the upside followed by a big snap to the downside for our 154.000 target to clear out retail stops.

I hope this helps anyone who is looking to trade GJ going into next week!

New Trade Idea

EUR/USD Sell

Enter Now

Stop Loss 1.14313 (7 pips)

Take Profit 1.13750 (48 pips)

RR 6.31

https://www.tradingview.com/x/8vUHBF0N/

Extending my SL to 1.14398 to give this a RR of 1:3 just incase price wants to come higher to grab any liquidity from the key area up above 👍

https://www.tradingview.com/x/dnj7TWYi/

Running +15 pips ✅

https://www.tradingview.com/x/ULnLUCb4/

Now moved my stop loss to my entry point & letting this run risk-free ✅

https://www.tradingview.com/x/y5YRGk8m/

New Trade Idea

GBP/USD Buy Limit

Entry Price 1.35976

Stop Loss 1.35874 (10 pips)

Take Profit 1.36375 (40 pips)

RR 4

https://www.tradingview.com/x/L8BVN1Fw/

Price ran away just before our entry point, deleting the buy order as setup is now invalid & currently scouting for more entries! 👨🏻‍💻

https://www.tradingview.com/x/shxMlAMF/

New Trade Idea

GBP/USD Buy Limit

Entry Price 1.36100

Stop Loss 1.35850 (25 pips)

Take Profit 1.36800 (70 pips)

RR 2.8

https://www.tradingview.com/x/Q9iQTkQ3/

New Trade Idea

GBP/JPY Buy Limit

Entry Price 155.820

Stop Loss 155.570 (25 pips)

Take Profit 156.450 (63 pips)

RR 2.52

Let's see if we can get a good enough pullback on the pound to continue riding this momentum upwards.

As always, will be cancelling these orders if price runs away at an earlier point. We're looking for the best point to enter which will give us the best R:R ratio's and profit 💰

https://www.tradingview.com/x/Xr8t7U2H/

New Trade Idea

XAU/USD (Gold) Sell

Enter Now

Stop Loss 1840.45 (20 pips)

Take Profit 1829.68 (87 pips)

RR 4.38

A lot of volatility on Gold right now so keep this in mind if taking this idea!

https://www.tradingview.com/x/iJwGnPcX/

New Trade Idea

GBP/JPY Buy

Enter Now

Stop Loss 154.619 (15 pips)

Take Profit 155.500 (72 pips)

RR 4.8

https://www.tradingview.com/x/ErgiZelo/