GBPJPY Potential Buy
Seeing a potential retracement buy back up to a 1H OB/ Supply zone that I have marked. Price will either continue up from where it is now and sell off now at the supply area or it will fall back down into the demand zone THEN buy back up to continue selling.
Key points in looking at the buy:
- Clear impulsive break to the upside
- Imbalace/inefficiency
- Fresh OB/ Demand zone
- Liquidity build up that needs to be cleared
Let's see what happens...
Key points in looking at the buy:
- Clear impulsive break to the upside
- Imbalace/inefficiency
- Fresh OB/ Demand zone
- Liquidity build up that needs to be cleared
Let's see what happens...
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