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Coinducation

GBPJPY BUY Zone for Aug 22, 2023If we see a strong rejection from the 185.50-185.60 zone after 1pm EST today, we might get a good BUY opportunity for the Higher Timeframe Buys continuation on GBPJPY. DONT RUSH the entries, because there is an extra push that can still happen into 185.30 before the BUYS continuation. So it is better to wait for a good confirmation, either looking at the lower timeframe structure reversals or strong 1H bullish body closures, or engulfing candles, etc. Whatever your confirmation may be. This is just a probabilities based game, it is always better when we go with the HTF structure.
Long
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