This signal was pointed out by war room member ericdledoux – a big shout out to you.
We’ve got a nice looking reversal signal here – the bullish rejection candle, which was printed in a ranging market here on the GBPJPY.
The market is clearly bouncing between the range high and low structure, and the bullish rejection candle signals that the range bottom is likely to hold, and a market cycle back to the range top is on the table.
The anatomy of the rejection candle is in good form, a very positive close in the candle range, giving that thick authoritative bullish body.
Going to see if we can grab a retrace entry, otherwise breakouts of the high after London open might be an alternate entry strategy.
The GBP should be volatile this month as speculation of the outcome of the BRexit event will drive price movement.
Best of luck on the charts.
Josiah Best
This war room is my next target when once I open my live acct.
matt casela
i have it ….1300 point GBPUSD for profit this day, thanks bro
sharon
AHHH this is beautiful Dale 🙂
Henry
Okay Sir. Thanks my mentor. I really appreciate.
Henry
Nice one Dale. What can you say about AUD/USD signal? Doesn’t that look like a reversal or change on trend signal? Your input will go a long way because i have been following your posts and will join your war room soon when i am financially buoyant to. Thanks.
Replying to: Henry
Dale WoodsAuthor
I am not actually seeing a buy signal there, just a thrust up into higher highs. I will be looking for buy signals that do occur on higher lows to confirm a bullish footprint.