GBP/JPY 1H - I am looking to take this market long as well, I am expecting weakness in the dollar this week and this market backs my thoughts based on the fundamentals.
We have seen that price has come to trade back into this area of Demand and in doing so has provided us with the potential means to get involved with some long trades.
In order for me to take part in this market long though I want to get involved with a refined entry, I have gone ahead and set an alert just above zone price has traded into recently and one above the zone lower.
I want to see price either correct itself fractally now, trading down to clear the FVG or lower down and into the large Demand Zone I have marked out for us. I will update you all when I have something.
We have seen that price has come to trade back into this area of Demand and in doing so has provided us with the potential means to get involved with some long trades.
In order for me to take part in this market long though I want to get involved with a refined entry, I have gone ahead and set an alert just above zone price has traded into recently and one above the zone lower.
I want to see price either correct itself fractally now, trading down to clear the FVG or lower down and into the large Demand Zone I have marked out for us. I will update you all when I have something.
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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.