Correlation between GBPJPY and GBPCHF. GBPJPY has formed a V which is holding, awaiting test 1 which should be higher highs and higher lows while still being under the V. When that rolls over and creates a new low, I shall trade GBPCHF as then the risk reward will be higher than in gbpjpy. If test 1 finishes high ill enter however if it is still quite far from a supply area I like then I shall hold off until test 2. So for 'too long didnt read' im just on standby
Trade active
Entered now, as I saw rejection across the group stops are just above supply area to the left
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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.