GBPJPY CHANCE FOR A SECOND ENTRY SELL
133.800 area have a possibility of a second entry for the sell if u missed the first one
As i said previously, many thinks its a bear trap but no, its actually a bull trap.
30 minutes;
1. Price failed to break 3 times 133.9
2. Absorption of demand was showed at 133.8 and then price could not really close upside it for the rest of the time while still showing signs of absorption.
3. Now we seeing a SOW which is a part occurring because its currently into a distribution.
As i said previously, many thinks its a bear trap but no, its actually a bull trap.
30 minutes;
1. Price failed to break 3 times 133.9
2. Absorption of demand was showed at 133.8 and then price could not really close upside it for the rest of the time while still showing signs of absorption.
3. Now we seeing a SOW which is a part occurring because its currently into a distribution.
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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.