Estimated pips are the pips that would have been gained by trading ideally along the published scenario.
| Currency pair | Total pips | Posts | Average pips |
|---|---|---|---|
| GBP/JPY | +668.0 PIPS | 18 | 37.1 PIPS |
| USD/JPY | +518.0 PIPS | 19 | 27.3 PIPS |
| Total | +1,186.0 PIPS | ||
I'm viewing the current range as a sell, but the higher timeframe is a buy.Price action has also stalled, so I need to keep in mind a possible reversal to the upside from here.
The daily chart is making lower highs, and the 4-hour chart has also made a bearish shift.It feels like price could start dropping from around the current level.
This is a decline as the 4-hour chart looks for a pullback.Price may already have reached the pullback, but for now I'm still viewing this from the sell side, so I'll wait for a retracement.
I'm waiting for a pullback within the uptrend.Once the downside stalls, it looks like price could follow the 4-hour uptrend and rise to the key level on the daily chart.
This morning I saw it as a range between B and A, but price has broken below.I'd like to look for a short, but line B is still provisional.I'll consider it once the range becomes clearer.
The 1-hour chart says sell, but the 4-hour is unclear.Price could start rising from the blue line at the current price zone.With that in mind, I'd still like to look for sells.
After a big rally, it's hard to jump in right away.If the line at the current price zone holds firm, I'd like to buy, but it would be easier to buy after one more leg down.
It looks like the market has turned to an upward flow for now.In the short term, it's been falling since the morning, but it's getting close to the support zone.I'll wait for downside stalling before going long.
Still ranging. The price is sandwiched between selling on the 1-hour and buying on the 4-hour.Within the current range, both selling and buying are possible.
Based on the higher timeframe context I'm looking to sell, but in the short term it's fine to buy.The pink line around 199.5 acts as support.
