will check back in just before and after FOMC statement .. have fun
Price Action System/Indicator 380 replies
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Dislikedwhich the setup that has to happen before you make the trade? this particular case gbpjpy131.000Ignored
DislikedI know I know .. i keep going back and forth on this one, but this pair is certainly not able to close above the 1.5900 mark for the last few hours, even though it has tried on a few of those one hour candles. This is the level where there is BORC setup with a downtrendline confluence, and the round double zero 15900 number acting as resistance. Will we see this level hold and the gbpusd tank from here?? Again, as mentioned above the GBPJPY may also be reversing at current levels thereby helping the gpbusd to go down also. Watch PA closely as FOMC...Ignored
DislikedFinally looks like this pair is breakout to the topside for a bullish ride up.Ignored
DislikedLooks like the pairs that maybe breaking out at this time are NZDusd and GBPusd .. you may want to check thoes two pairs a few hours later to see if there is a BORC setup on either one of those.
GBPJPY is still currently a good candidate for a BORC setup at 131.00 .. wait for conditions to setup and see if you can get in short later on once Tokyo opens and moves the jpy pairs.
Happy pip hunting and good night to all as I am signing off for now.Ignored
Dislikedhere is the setup . watch PA at these levels..Note that price is also at R1 level.Ignored
DislikedWe got a doji candle closing, but looks like price action is not following through for now ... keeping this on the radar screenIgnored
Dislikedfrom what i understand, fractals only appear after the swing, right?Ignored