GBPJPY 15M SUPPLY

10 Haz 2021

I'm interested in a lower time frame supply zone within a higher time frame supply zone that is also an Upthrust After Distribution. The previous supply zone might prevent price from reaching my zone of interest but that is okay. My target is the support line when imbalance had occurred on the Daily, giving me a possible 1:11 RR.

15 Haz 2021

İşlem elle kapatılmış

I got out at 154.356, settling for a 1:4.4 RR. I had to respect the demand zone. But I still feel that price is coming down. So, I set a STOP ORDER at 155.195. We shall see.