Rohit_Fx

GBP/JPY long idea

Long
Rohit_Fx Updated   
CAPITALCOM:GBPJPY   British Pound / Japanese Yen
as you can see that market played as I anticipated in the previous idea that I was looking for this refined 4h demand to be filled before looking for buying opportunity. in Landon session you can see market after retesting that 4h demand shows some nice rejection broken some key structure in the lower timeframe which shows buying pressure. so, I have marked a clear zone to buy from the 2h timeframe you can refine it further if u want to.

entry:- you can go with aggressive entry if u want but stoploss is going to be damn big. so, I should prefer you to go with confirmation but either way that is your choice

target:- you can look for to fill the extreme 2h supply above.

I HOPE THIS ANALYSIS PROVIDE SOME VALUE IN YOUR TRADE, IF IT DID THEN DO FOLLOW FOR MORE SUCH ANALYSIS LIKE THIS.
Comment:
IT IS LOOK LIKE MARKET IS NOT GOING TO RETEST 2H DEMAND INSTED REACING FROM THE 4H DEMAND. SO, I THINK YOU SHOULD LOOK FOR BUYING OPPORTUNITY FROM THERE

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.