Hello,
Happy new year :)
Here's my idea on GBP/JPY:
I underlined several spots which confirmed a daily/H4 range. It took some time to come at this point again. Buyers look very weak.
I wanna see the next attempt for a higher high before going for a sell since the flow is still up. So, I will use this as a confirmation to enter.
Good luck :)
Happy new year :)
Here's my idea on GBP/JPY:
I underlined several spots which confirmed a daily/H4 range. It took some time to come at this point again. Buyers look very weak.
I wanna see the next attempt for a higher high before going for a sell since the flow is still up. So, I will use this as a confirmation to enter.
Good luck :)
Note
Pretty aggressive test phase. Only one big bearish candle would confirm short entry.JPY remains very weak among the crosses on a daily basis. Weaker from 4 pairs out of 6.
Note
Weaker than*Order cancelled
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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.