GBPJPY - UPCOMING WEEK PLAN
- Weekly
Trend is still bullish. Price has reached double top on the weekly and the -27 which is Weekly target is still above at 141.900. I don't think price will immediately reach -27 because I expect the possibility of long term pullback. We are talking weekly, so it will be a long term.
- Daily + 4H
Price is at 4h -61.8 so I shifted my plan to find a short opportunity. There are several targets :
First target is 4H High
Second Target is 4H Higher Low
Long Term Target are between 4H Support Level. I tend to keep my short bias until the price reaches my 4H support levels. Obviously I will adapt to market structure in the future if there is anything changes.
- Lower TF for execution (1Hr + 15mins)
I will be patient waiting for the price creating the next minor Lower High at around139.500 which is the Weekly previous High. Price will retest that zone again to be a resistance.
Trend is still bullish. Price has reached double top on the weekly and the -27 which is Weekly target is still above at 141.900. I don't think price will immediately reach -27 because I expect the possibility of long term pullback. We are talking weekly, so it will be a long term.
- Daily + 4H
Price is at 4h -61.8 so I shifted my plan to find a short opportunity. There are several targets :
First target is 4H High
Second Target is 4H Higher Low
Long Term Target are between 4H Support Level. I tend to keep my short bias until the price reaches my 4H support levels. Obviously I will adapt to market structure in the future if there is anything changes.
- Lower TF for execution (1Hr + 15mins)
I will be patient waiting for the price creating the next minor Lower High at around139.500 which is the Weekly previous High. Price will retest that zone again to be a resistance.
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