Reanalyzing GBPJPY for the week
Low of the week is usually made with Tuesdays distribution candle.
Based on that knowledge my bias is switching to bullish for now.
Price appears to be creating a weekly CR trade.
If price pulls back to this breaker on the 1 h which is close to the NDO (New Day Open) I'm looking to buy it up to the 50% of weekly CR trade.
Based on that knowledge my bias is switching to bullish for now.
Price appears to be creating a weekly CR trade.
If price pulls back to this breaker on the 1 h which is close to the NDO (New Day Open) I'm looking to buy it up to the 50% of weekly CR trade.
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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.