GBPJPY Short-Term Sells to Long-Term Buys
What I'm looking for on the Daily Timeframe:
1. Price to form a Bearish Variation so I can sell on H1-M30 for the Daily timeframe pullback
2. Price pulls back to previous area of structure, which lines up with a weekly key level and 50% fib retracement level
3. Price to form a Bullish Variation at 50% retacement to buy and hold until price reaches the next weekly key level
What I'm looking for on the H1-M30 Timeframe:
1. Price to break uptrend structure and lead into breaking uptrend structure on H4 so the daily pullback can form
2. Price to pullback to retest a structure point (HL) with a bearish variation. As long as downtrend structure is maintained on M30-H1, I will keep selling
3. Price to reach previous level of Resistance and look to see if the downtrend structure can be broken so I can close sells and look to start buying again
1. Price to form a Bearish Variation so I can sell on H1-M30 for the Daily timeframe pullback
2. Price pulls back to previous area of structure, which lines up with a weekly key level and 50% fib retracement level
3. Price to form a Bullish Variation at 50% retacement to buy and hold until price reaches the next weekly key level
What I'm looking for on the H1-M30 Timeframe:
1. Price to break uptrend structure and lead into breaking uptrend structure on H4 so the daily pullback can form
2. Price to pullback to retest a structure point (HL) with a bearish variation. As long as downtrend structure is maintained on M30-H1, I will keep selling
3. Price to reach previous level of Resistance and look to see if the downtrend structure can be broken so I can close sells and look to start buying again