GBPJPY 1 Hour Trading Journal
Since Thursday price tested the sells stops and was successful in taking liquidity from Sunday April 14 while attempting to rebalance the 4 hour BISI. Monday price declined to rebalance the 4 H BISI again.
I anticipated that price will gravitate to the Daily buys stops for a weeks target and with todays RED FOLDER news it swept the buy stops from Friday just clearing them. Price is also rebalancing the 1 IFVG in todays session.
Price is delivering to a premium on the hourly chart and I suspect that Price will seek the Buy Side Liquidity this for the weekly target.
I do suspect that when the buy sideis taken it will gravitate to the 15M IFVG at the 50% equilibrium for the weeks end.
I am attempting to while I dont have internet speculate a few days of movement to name and claim what I am reading on this chart. Here goes!
Since Thursday price tested the sells stops and was successful in taking liquidity from Sunday April 14 while attempting to rebalance the 4 hour BISI. Monday price declined to rebalance the 4 H BISI again.
I anticipated that price will gravitate to the Daily buys stops for a weeks target and with todays RED FOLDER news it swept the buy stops from Friday just clearing them. Price is also rebalancing the 1 IFVG in todays session.
Price is delivering to a premium on the hourly chart and I suspect that Price will seek the Buy Side Liquidity this for the weekly target.
I do suspect that when the buy sideis taken it will gravitate to the 15M IFVG at the 50% equilibrium for the weeks end.
I am attempting to while I dont have internet speculate a few days of movement to name and claim what I am reading on this chart. Here goes!