GBPJPY > The Best Place Now for A Buy!
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Analysis on #GBPJPY
the market recently broke its 151.00 support level, although it did not close below support on the 4-hour chart, it did violate that level and for me, I am not interested in looking for a buy at this level.
I believe the best place now for a buy is near the low which represents a strong demand zone near 148.00, where the market rallied exactly 500pips, that is where I will be looking for a buy if the rule for entering a trade are met
Check today analysis below⠀
>>“ Only trade when the probabilities of the market going in your favor are greater than it going against you." TradingAxis
Analysis on #GBPJPY
the market recently broke its 151.00 support level, although it did not close below support on the 4-hour chart, it did violate that level and for me, I am not interested in looking for a buy at this level.
I believe the best place now for a buy is near the low which represents a strong demand zone near 148.00, where the market rallied exactly 500pips, that is where I will be looking for a buy if the rule for entering a trade are met
Check today analysis below⠀
>>“ Only trade when the probabilities of the market going in your favor are greater than it going against you." TradingAxis
