james16 Chart Thread
Just an observation.
GBPJPY: Price broke through and closed above a significant weekly lowest close of support level. Price has not closed below that level on the 4h and barely on the hourly since. Entry (I assume) would have been on the retest of the WLCS with a 30 pip stop loss (subjective figure) or a close below that level.
my weekly level (in green) is slighly diffrent and according to which the price is still closing below the weekly level.
just another view..
Jarroo setup at its simplest
EDIT:
It may run, if it breaks through the Daily LCS and the obvious spike retest areas.
. .just throw in PBT&CAorB and some added confluences and its pretty easy . .
Maybe the best of both worlds is a good place to start for people new to the J16 methodology and Jarroo's methodology.
I know, how important it is to understand both the regular PPZ and indeed how Jarroo qualifies them.
If this helps just one new person and furthers their interest, it was well worth it.
First, let's look at the traditional way of identifying PPZ ( Price Pivot Zones) as are taught in this thread, then let's go one step further and qualify them, how Jarroo taught us.
Pick 1: You can see I marked the Main flip areas, or areas...
. .Thanks bro.
