$GBPJPY - Liquidity/hard resistance above - CoT Suggests Short

*SMART MONEY CONCEPTS* (SEE ATTACHED RELATED IDEAS)

I have a 15 min chart that I looked at and fiund Smart Money concepts throughout that would suggest a short as long as the price is moving bulish at midnight NY Time... Even then my daily outlook maybe off. But I don't believe my weekly outlook will be off. There's too much to sugggest a short. Such as the Fair value gap below, the Liquidity point below, and the Commitment of traders that says they added more shirts but haven't seen much of a return. So here's the 15 in that I think may happen with more in deth markups than the larger time frame

And of course above is the larger time Frame. in which I think the pound may be going down as we saw their economic numbers in the red today, we just may not feel it until tomorrow.

We'll see what happens.

Commentaire:

ive taken a position and suggesterd a second. sell and exit at the corresponding colorerd lines

Trade fermée: cible de profit atteinte:

70+45 pips on two posiyions. i'll take it

Commentaire:

Today's Entry and exit was 157.704 GETTING READY FOR WORK AND 159.260 on my first break. I It was 155 pips.

Transaction en cours:

After a few short scalps, it went further up to break structure. The net shorts on the CoT for commercials has lessened about 3k contracts, in my analysis anticipating a bigger drop as promoted as the price action broke the structure on the premium side of the chart, Commercials shorting it would provide that the chart push down and next week if we see more shorting, I believe a long term short is inevitable. However, if we see the long contracts increase, it could mean that the price action is looking to move up or it could be in consolidation before it starts to move down again