GBPJPY Intraday, inflection point - 17 aug 2023

The Main BIAS is BULLISH, so avoid selling unless the confirmation is strong, preferable if it happens after 11am EST. In that case, the correction phase can be very strong down to 186.50 or even 185.30

Buys continuations if confirmed can push directly towards 187.00 by end of week.

Commentaire:

Took the Sells at 186.28 at exactly 11am EST as planned. The exhaustion happening around the zone and the 30m bear closure as a spinning top gave me the entry, Stop Loss above the 30m candle that closed the 11am. Already secured 50% profits at RR 1.5 + and leaving runners running from this point.

PROFIT DAY! just following the HTF context :)

Commentaire:

Runner stopped out. End of day :D