javier_liberto

javier_liberto

Lovely price delivery by this pair so far, nice bullish displacement reaction off a weekly FVG area but failing to purge buy-side last week. I'm bullish for this week & we should see a purge above the buy-side at 1.28003, but first I'd like to see a lovely bullish displacement move off that daily FVG area. That's a nice Discount area to look for longs at,...

javier_liberto

GBPJPY has formed an ascending triangle on this 4H chart, now just waiting patiently for the break and retest above the resistance level. You can enter a long on the break, but I'd prefer to wait for a retest after the break because it reduces the risk & avoids being a victim of a sweep of buyside liquidity.