GBP/JPY: Approaching a confluence zone, what to do ?
Updated
Hi guys,
I took this trade a couple of minutes ago because it seems the pair is ready to push higher to its next resistance level which is a strong supply area (confluence zone).
Price is also currently above its pivot level.
I opened long my trade @ 135.740 and I will target the 136.400 area, so a potential 70+ pip trade.
If it breaks I will look for some longs from there but as another trade, probably tomorrow since it's already late.
Check out my previous ideas as well.
Trade at your own risk
I took this trade a couple of minutes ago because it seems the pair is ready to push higher to its next resistance level which is a strong supply area (confluence zone).
Price is also currently above its pivot level.
I opened long my trade @ 135.740 and I will target the 136.400 area, so a potential 70+ pip trade.
If it breaks I will look for some longs from there but as another trade, probably tomorrow since it's already late.
Check out my previous ideas as well.
Trade at your own risk
Comment
4H viewComment
Still long but I will develop my new targets in a new idea
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