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NavidNazarian

GbpJpy long position analysis

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
NavidNazarian Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Supply and Demand Multiple Time Frame Analysis Volume Indicator GBPJPY gj gbpjpylong volumetrading
3
0
supplyanddemand mtfa volume gbpjpy gj gbpjpylong volumetrading
We're in a pull back of a bullish trend and I think this area has its potential to go up.
You can set a buy limit order or for more confirmation wait for a CHoCH in lower time frames.
Let's see what will happen...
Good luck
Comment:
We're in the area of value. I'm looking for a CHoCH in 5 minutes TF and then wait for a pull back and then I'll go long...
Comment:
Gov Bailey speaks in about 40min..
So far we have a bullish CHoCH in 5min TF.
If you are not in this trade please wait for a pull back for finding a better entry.
Good luck...
Comment:
We rejected at this level 3 times. This trade is valid so far.
Comment:
For those who are not in this trade yet, please consider that we had CHoCH to the upside and break out of a trend line and now we are in a retest of that trend line.
Take a look at this link for more information for another entry setup:
snapshot
Trade closed: target reached:
Congrats, we've reached TP.
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