Trading predictions for the GBPUSD, USDJPY and USDCHF! ( Structure based trading ep 9 pt 2 )

"if we do bust through that level so that's what we're gonna be looking at for our structure based trading opportunities here on the pound dollar now we can go ahead and move along to the dollar yen so this pair has actually just bounced off a major level of daily support not much is gonna change for this pair but what we have now is a nice bounce off daily support what does that mean that means that we could possibly see this market continue up to our next distance level so in preparation for that we may be looking for long opportunities on this pair on lower timeframes currently I don't see a way to get involved but if we get some kind of entry let's think very far that and say that we get maybe some type of advanced pattern from this level then that could be a way to enter this market going long for advanced pattern traders and if on our lower timeframe we get some kind of simple pattern break out and around this area then that could be an opportunity for simple pattern traders to take this market long up to our next level at 1-1 2.0 - what you gonna be our next daily resistance level"

"if this market continues to push up then we'll be looking at the 1:1 2.0 to zone 4 possible shorting opportunities and if we push above that level for our next shorting opportunities we'll be looking at 1 1 4 0.18"

"now if this market does push down off of this bounce we've had and decides to push down from that what we can look for is another test at the 108 point 7 3 zone for another small bounce possibly if we do get back down to this level then I don't expect much of a big bounce if we get all the way back down to 108 point 7 3 then I could see this market breaking through the 108 point 7 3 and if that does happen then we'll be looking at 106 points 7 9 as our next level of structure support for long opportunities on the dollar yen"

"and if this level of resistance is broken here on the dollar Swiss then the next level of resistance we'll be looking at to take advantage of a shorting opportunity is the 0.984 for zone and if this market does in fact push down from this level of place one will be taking possible second targets if we do get involved in a trade and looking for a counter trend long opportunity will be at the 0.965 zone beyond that if the market does break through that zone we'll be looking at zero point nine five three eight for our next level of possible long opportunities"

"we actually do have an advanced cipher pattern here on the pound dollar so for those of you who are advanced pattern traders and have this in your trading plan own the daily chart and on the pound dollar it's actually putting in a pretty nice entry now down at lower levels to give you a better risk reward and right at that daily level of support not a bad-looking trading opportunity"