GBPJPY is presenting a very complicated situation so far:
-BREXIT non-solving talks;
-Weeks of accumulated consolidation;
-Setting the bottom, but on a demand zone.
So, considering that we have a major support (which coincides to be a nice demand zone) and a beautiful consolidated liquidity range, price might have started to anchor itself there and is setting to go up.
Entering after confirmations, although (as always) I already have a small one (scalp to swing) running.
Cheers.
-BREXIT non-solving talks;
-Weeks of accumulated consolidation;
-Setting the bottom, but on a demand zone.
So, considering that we have a major support (which coincides to be a nice demand zone) and a beautiful consolidated liquidity range, price might have started to anchor itself there and is setting to go up.
Entering after confirmations, although (as always) I already have a small one (scalp to swing) running.
Cheers.
Trade active
TP 1 REACHEDNote
TP 2 ReachedTrade closed manually
After TP 1 and 2 got hit, price started to stall and reverted. SL in profit and closing some percentages of your trade at each tp, makes you account bigger.
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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.