Here EJ has rejected low-lows with lots of liquidity at the bottom demand level, EU is working on trade deals this week which should give the market a catalyst needed for an uptrend. Risk, is due to cornavirus with JPY acting as a safe haven for risk off trading so if entered please keep an eye.
Looking to BUY GBPJPY in BUY AREAS and to close positions in TP AREAS. (30+ PIPS)
- Do not enter on strong bearish momentum through BUY AREA 1, Strictly looking for reversal signs
- Wait for reversal pattern
- Enter on price action in BUY AREAS, should price break through BUY AREA 1 with strong bearish break through to BUY AREA 2, enter BUY AREA 2 on signs of...