Dear Traders,
I’m trying to find the best format to present my ideas here. Here is the new short form.
Stay Disciplined,
Peter
GBPJPY | Primary Bullish Expansion
Trend: Bullish on every major timeframe | Phase: Expansion
Trigger: Since only one H4 wave closed to a new peak, wait for a pullback on H1/M15 and trade the countertrend break.
Invalidation: D Close < 202.703 | Daily bullish structure breaks here.
Path: 203.995 → 204.481 → 204.670 → 204.780 → 205.062 → 205.241-266
Read more about my methodology – definitions, colors, … etc.
Short disclaimer: trading is risky and the only constant in the markets is change!
What do you think?