GBPJPY - DEMANDING THE BOTTOM SO IT CAN GO UP !
GBPJPY is presenting a very complicated situation so far:
-BREXIT non-solving talks;
-Weeks of accumulated consolidation;
-Setting the bottom, but on a demand zone.
So, considering that we have a major support (which coincides to be a nice demand zone) and a beautiful consolidated liquidity range, price might have started to anchor itself there and is setting to go up.
Entering after confirmations, although (as always) I already have a small one (scalp to swing) running.
Cheers.
-BREXIT non-solving talks;
-Weeks of accumulated consolidation;
-Setting the bottom, but on a demand zone.
So, considering that we have a major support (which coincides to be a nice demand zone) and a beautiful consolidated liquidity range, price might have started to anchor itself there and is setting to go up.
Entering after confirmations, although (as always) I already have a small one (scalp to swing) running.
Cheers.
Trade active:
TP 1 REACHED
Comment:
TP 2 Reached
Trade closed manually:
After TP 1 and 2 got hit, price started to stall and reverted. SL in profit and closing some percentages of your trade at each tp, makes you account bigger.