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
Penafian
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