GBP/JPY Long idea
Looking to go long within these H1 demand zone.
If we take a closer look at what GJ is doing right now,
we can see that prices have been ranging for about 4 days now.
My theory is that prices are creating liquidity and lots of manipulation within that range faking traders out.
We can also see nice bullish momentum candles too the left of the screen indicating to me
that buyers are still in control of prices and are looking to send prices even higher.
Also, on the daily TF we can see a nice area of EQH's, where in my opinion there are lots of liquidity and resting orders sitting within those areas.
Finally, on the daily TF, we can also see that our next supply zone is at 152.800.
If we take a closer look at what GJ is doing right now,
we can see that prices have been ranging for about 4 days now.
My theory is that prices are creating liquidity and lots of manipulation within that range faking traders out.
We can also see nice bullish momentum candles too the left of the screen indicating to me
that buyers are still in control of prices and are looking to send prices even higher.
Also, on the daily TF we can see a nice area of EQH's, where in my opinion there are lots of liquidity and resting orders sitting within those areas.
Finally, on the daily TF, we can also see that our next supply zone is at 152.800.
Feragatname
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