GBPJPY has been with a Descending P wave for some time now.
There is a consideration for both a Long and Short.
Go long from the Demand Zone - stop below zone and target the Supply Zone
Go Short from Trendline Resistance and take a tight stop to prior consolidation high , to target the Demand Zone.
Nothing in between is much good , as it is a sea of chop.
There is a consideration for both a Long and Short.
Go long from the Demand Zone - stop below zone and target the Supply Zone
Go Short from Trendline Resistance and take a tight stop to prior consolidation high , to target the Demand Zone.
Nothing in between is much good , as it is a sea of chop.
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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.