BrokerNightmare

MARKET STRUCTURE||MARKET OUTLOOK

Long
FX:GBPJPY   British Pound / Japanese Yen
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^What we have here is a currency pair that is under pressure from sellers to take price lower. But what we can see is that price reacted from the old 4hr supply level and went down to the most recent demand are and has acted accordingly.. It is currently coming lower to the 4hr demand level again to take orders from there.. I'm waiting for price action around the current zone (1hr demand)_ Price is currently ranging around zone.. If it closes above the zone, we buy from there, or we buy right above the 4hr zone in the London session..

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