GBPJPY
the monthly :
price is fully bullish, we can see that it broke the strong supply and demand zone.
weekly;
price broke and retraced to the broken supply and demand zone, there are two candles rejecting the zone so I'm expecting a retracement to the downside and then a bullish continuation.
daily;
The trend is fully bullish there is also a high momentum and we also have the SMA's confirmation of a strong bullish trend, so I'm only looking for buys
4h;
There is a probability of price retracing then continuing the bullish trend or breaking and retesting the zone either way ill be looking for a long trade after seeing some shrinking candles on the zone with some rejections and a hammer candle as a confirmation to look for my entry on the lower timeframe
RM;
sl; below the rejections
tp; next s/d zone
R; 3:1 minimum
price is fully bullish, we can see that it broke the strong supply and demand zone.
weekly;
price broke and retraced to the broken supply and demand zone, there are two candles rejecting the zone so I'm expecting a retracement to the downside and then a bullish continuation.
daily;
The trend is fully bullish there is also a high momentum and we also have the SMA's confirmation of a strong bullish trend, so I'm only looking for buys
4h;
There is a probability of price retracing then continuing the bullish trend or breaking and retesting the zone either way ill be looking for a long trade after seeing some shrinking candles on the zone with some rejections and a hammer candle as a confirmation to look for my entry on the lower timeframe
RM;
sl; below the rejections
tp; next s/d zone
R; 3:1 minimum
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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.