GBP/JPY
1 HR CHART
Daily Market - Bullish
SCENARIO -1
Looking for the market to break 2 consolidation boxes then continue in its desired direction of price action after the Asian session we might get a extension of price
looking to short the market if it breaks decking 2 AT THE RETEST on the lower time frame such has the 15 min with confIrmation candle
SCENARIO -2
BREAK OF CURRENT RESISTANCE THAT WOULD THEN TURN INTO SUPPORT SUPPORT OF THE 1 HR CHART BREAK THE CONSOLATION BOX AND (DECKING 1) COMES TO RETEST (DECKING 1 ) HAS SUPPORT ON A THE LOWER TIME FRAME SUCH HAS THE 5 MINS /15 MINS AND GIVE US SOME SIGN OF CONFIRMATION TO PUSH FURTHER THEN WE TAKE THE BUY THROUGH OUT THE ASIAN SECESSION
TARGET ARE AT 127% FIB LEVEL
EXTENSION IF NO SIGNS OF REVERSAL ON THE LOWER TIME FRAME AND TARGET THE DAILY RESISTANCE .....
LETS SEE WHAT THE MARKET DOES .......
BIOS IS LONG
1 HR CHART
Daily Market - Bullish
SCENARIO -1
Looking for the market to break 2 consolidation boxes then continue in its desired direction of price action after the Asian session we might get a extension of price
looking to short the market if it breaks decking 2 AT THE RETEST on the lower time frame such has the 15 min with confIrmation candle
SCENARIO -2
BREAK OF CURRENT RESISTANCE THAT WOULD THEN TURN INTO SUPPORT SUPPORT OF THE 1 HR CHART BREAK THE CONSOLATION BOX AND (DECKING 1) COMES TO RETEST (DECKING 1 ) HAS SUPPORT ON A THE LOWER TIME FRAME SUCH HAS THE 5 MINS /15 MINS AND GIVE US SOME SIGN OF CONFIRMATION TO PUSH FURTHER THEN WE TAKE THE BUY THROUGH OUT THE ASIAN SECESSION
TARGET ARE AT 127% FIB LEVEL
EXTENSION IF NO SIGNS OF REVERSAL ON THE LOWER TIME FRAME AND TARGET THE DAILY RESISTANCE .....
LETS SEE WHAT THE MARKET DOES .......
BIOS IS LONG