Here is the SWING Short IDEA for GBPJPY.
As you can see the price has very well rejected from the 4hr Supply zone.
You can still enter with a CE which is likely to happen with the given Stoploss.
We are looking to get a very clear 11.23 R, Scaling the price back into the 4hr Demand zone, where Imbalance has to be filled as well.
Looking forward for the CPI which will prove the Price action on this trade and we look to go south.
Trade Safe.
Cheers1
fxgoldsniper
As you can see the price has very well rejected from the 4hr Supply zone.
You can still enter with a CE which is likely to happen with the given Stoploss.
We are looking to get a very clear 11.23 R, Scaling the price back into the 4hr Demand zone, where Imbalance has to be filled as well.
Looking forward for the CPI which will prove the Price action on this trade and we look to go south.
Trade Safe.
Cheers1
fxgoldsniper