GBP JPY - Supply tap or further move in the imbalance?
G'day,
Master Key for zones
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed.
Daily
https://www.tradingview.com/x/hdcQhmXL/
Weekly
https://www.tradingview.com/x/VxW3ImOD/
Monthly
The monthly controls the way the market moves - so the monthly is showing a strong supply zone.
The imbalance has been tapped - however the monthly close has not indicated yet whether price will fall back to the PCP (weekly pivot) or a long term sell opportunity is present.
https://www.tradingview.com/x/i7HV1ZlX/
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXIII
Master Key for zones
- Red = Three Month
- Blue = Monthly
- Purple = weekly
- Pink = Consolidative box example (Daily)
- Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed.
Daily
https://www.tradingview.com/x/hdcQhmXL/
Weekly
https://www.tradingview.com/x/VxW3ImOD/
Monthly
The monthly controls the way the market moves - so the monthly is showing a strong supply zone.
The imbalance has been tapped - however the monthly close has not indicated yet whether price will fall back to the PCP (weekly pivot) or a long term sell opportunity is present.
https://www.tradingview.com/x/i7HV1ZlX/
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To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXIII
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