I do not have a pin point entry for GBPJPY longs but all the timeframes are suggesting that price is gonna explode to 183.5
Here's why:
- Monthly targets of 183.5 have not been achieved.
- The previous week's candle closure was extremely bullish
- So price is looking for a liquidity zone to collect orders before the uproar
- There is a retracement on the daily but candle's are losing momentum to the downside, which informs me that price is getting ready to go upwards.
Here's why:
- Monthly targets of 183.5 have not been achieved.
- The previous week's candle closure was extremely bullish
- So price is looking for a liquidity zone to collect orders before the uproar
- There is a retracement on the daily but candle's are losing momentum to the downside, which informs me that price is getting ready to go upwards.
Trade active
- I am still waiting for bullish momentum on the pair since monthly target is not hit yet- I am well aware that price is looking for a region to collect orders before bullish momentum enters the market.
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.
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.