GBPJPY is at demand zone(nested daily in weekly demand zone) there is a possibility for a short-term pull back, since GBPJPY is at extreme holding long is risky.
upon confirmation on the demand zone the possible target is 185.805 - 185.038 supply zone.
W1 and w2 zone are the two demand zone in control.
W1 and w2 zone are the last two imbalances remaining for a potential long term sell if eliminated since GBPJPY is at extreme.
upon confirmation on the demand zone the possible target is 185.805 - 185.038 supply zone.
W1 and w2 zone are the two demand zone in control.
W1 and w2 zone are the last two imbalances remaining for a potential long term sell if eliminated since GBPJPY is at extreme.
Trade active
w1 demand in control
Trade active
W2 demand in control which remain the key demand imbalance that hold the bullish sentiment
Trade active
W2 demand still Holds for a short term buys
Trade active
W2 demand still Holds on the third hits
Trade closed: target reached
w2 demand zone gained control after 3rd hits, also hits the target 185.805 - 185.038 supply zone
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.