GBP/JPY 30M - I thought I would provide you all with my thoughts on the GBP/JPY pair for those of you who trade during the Asian session. You can see here there some good opportunity.
We have recently seen price break structure to the upside fractally, giving us the suggestion that enough Demand has been introduced from the Zone below to instigate the next higher timeframe impulse to the upside.
In order for us to enter long in this market we want to see price pullback again fractally down and into the new, more refined Demand Zone I have gone ahead and provided.
Once price does that in order to have confirmation to long we want to see rejection and a fractal BOS to the upside, for those that are more pre-emptive this could be a pending order you could look to set:
We have recently seen price break structure to the upside fractally, giving us the suggestion that enough Demand has been introduced from the Zone below to instigate the next higher timeframe impulse to the upside.
In order for us to enter long in this market we want to see price pullback again fractally down and into the new, more refined Demand Zone I have gone ahead and provided.
Once price does that in order to have confirmation to long we want to see rejection and a fractal BOS to the upside, for those that are more pre-emptive this could be a pending order you could look to set:
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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.
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.