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.
GBPJPY - 14 Aug 2023 (Intraday outlook)Main Bias is BULLISH, for the intraday you can just wait for price to confirm rejections from the potential rejection levels marked to continue buying, but it is very important that the buys happen during the correct volume timing, like between 8pm - 10pm EST (ASIA session), or (2am - 4am EST) London session, (8am - 11am EST) NY phase 1.