GBPJPY in H4, H1, M5 and M1.
M5 shows the bullish PB reversal area and M1 shows the BIG drop in detail.
IF, a few questions for you if you don't mind:
1) You mentioned abt being extra cautious when there is a bull flag just below supply zone. In this case, it worked out fine, but what, in your opinion helped this to work out in this situation?
2) When bar closes above the supply zone but comes back down to the zone shortly, wld you short it given the right PA?
3) Your definition of bullish/bearish engulfing doesn't mean the bar has to cover previous bar entire body plus high & low. It only has to engulf previous high (for bullish) or previous low (for bearish). Is my understanding correct?
4)In M1, that was a rising wedge not CP, did i get that right?
And if you have some time to get back to me on this wld be great
http://www.forexfactory.com/showthread.php?p=5628402#post5628402
Sorry for the super long post, these questions just came up to me as I'm doing the homework
M5 shows the bullish PB reversal area and M1 shows the BIG drop in detail.
IF, a few questions for you if you don't mind:
1) You mentioned abt being extra cautious when there is a bull flag just below supply zone. In this case, it worked out fine, but what, in your opinion helped this to work out in this situation?
2) When bar closes above the supply zone but comes back down to the zone shortly, wld you short it given the right PA?
3) Your definition of bullish/bearish engulfing doesn't mean the bar has to cover previous bar entire body plus high & low. It only has to engulf previous high (for bullish) or previous low (for bearish). Is my understanding correct?
4)In M1, that was a rising wedge not CP, did i get that right?
And if you have some time to get back to me on this wld be great
http://www.forexfactory.com/showthread.php?p=5628402#post5628402
Sorry for the super long post, these questions just came up to me as I'm doing the homework