GBPJPY Thesis
Price has come to a sensitive zone right now where we may see sellers step in and take control of the market. The market has been moving in an ascending channel on the lower time frame which may result in buyers stepping in as they believe the market is now in an uptrend. however, basing my Bias on the Higher time frame i Believe the market was just correcting to come to our order block zone so the institutions can load up their sell positions at premium price where we can perhaps step into the market for a sell which we can get a very good RR ratio and a high probability the market will go in our favoured direction.
-Good luck!
- This is a speculative setup, not investment advice.
-Good luck!
- This is a speculative setup, not investment advice.
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.