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 | +632.0 PIPS | 15 | 42.1 PIPS |
| USD/JPY | +563.0 PIPS | 15 | 37.5 PIPS |
| Total | +1,195.0 PIPS | ||
For now I'm looking to sell, but this is a price zone that acts as support on the 4-hour chart.There's still a chance it rallies from here, so be careful.
I have a bearish bias, in line with the recent flow.Since this is a price zone that acts as support on the 4-hour chart, I think it's more likely to pull back up once rather than keep falling from here.
On the 15-minute chart (M15), this is a spot to look for selling the rally, but on the 4-hour chart it feels like a pullback might be forming.The near-term sell target only goes as far as the blue line around 155.7, so I'll either wait for a proper retracement, or, depending on how the price action shapes up, switch to looking for a buy aimed at the 4-hour uptrend.
Price is near the 1-hour range low, so if this level holds, it's a buy.Go long once you confirm downside stalling on the lower timeframe; if it breaks below, look to sell the rally.
Price has broken out to the upside from a hard-to-read range. I'd like to wait for a pullback and buy.On the daily chart, the room to run in both directions had been narrowing into a consolidation pattern, so the 1-hour chart (H1) has been ranging since yesterday.It looks like price has broken out of the consolidation to the upside, but there's also the possible outcome where, by the end of the day, the daily chart has formed an upper wick and dropped. So even after getting in on an entry opportunity, it seems better not to take your eyes off it.
Price has broken out above the range, so I'll wait for a pullback and buy.There's basically almost nothing pointing to selling, so I want to buy aggressively, but the daily chart isn't shaped to keep rising from here, so I'll need to take profit at a round number.Around 211.5 might be the target.
Yesterday the shape of the 4-hour chart was unclear, but over the course of the day it has started to look like a double bottom, and buyers currently have the upper hand.Basically, I'm looking to buy and will wait for an entry opportunity.
The market is stuck in a range with little movement, but price has bounced off 208, which has been acting as support.Assuming price heads back toward the 4-hour range high, I'd like to pick up a pullback on the 15-minute chart (M15).
I think it's fine to aim for selling the rally in line with the 1-hour flow, but the daily chart's range is narrowing on both sides.The idea is to go for the move down to the 4-hour key level, and once you've taken what you can, it seems best to take profit quickly rather than hold.
The 4-hour and 1-hour charts are ranging, but the overall flow is down.The morning drop also broke below the 1-hour low, so I'm waiting for a retracement to look for a sell.
