So I’m looking at usdjpy and now gbjpy. For next week trades that I’ll be breaking down step by step. As the yen gets strong usdj will be the more challenging of the two but we have a nice layout for that as long as price stays within the range. Check the post to know what the vibe are on it.
Here will be looking for a continuation in the m pattern and maybe a reversal as this pair been heavily bullish with no weekly pullbacks 🥵 I’d never bothered with this pair before 😖 but I’m on it now! So I’m watching here for a 50 % retace of the bullish candle. Thus I want to see bears 🐻 close the session taking the bulls 50.. this 50% is a major pivotal and psychology level. As it will be very very hard to even be bearish in such a strong trending market so if the bears can hold this level it can be a turning point. Either way much care is need to be taking with both of these pairs as they are both with pullbacks and bulls will defends so the bears will have to bring it and we will know they won’t be able to hide these markets.
Here will be looking for a continuation in the m pattern and maybe a reversal as this pair been heavily bullish with no weekly pullbacks 🥵 I’d never bothered with this pair before 😖 but I’m on it now! So I’m watching here for a 50 % retace of the bullish candle. Thus I want to see bears 🐻 close the session taking the bulls 50.. this 50% is a major pivotal and psychology level. As it will be very very hard to even be bearish in such a strong trending market so if the bears can hold this level it can be a turning point. Either way much care is need to be taking with both of these pairs as they are both with pullbacks and bulls will defends so the bears will have to bring it and we will know they won’t be able to hide these markets.
