sufiansaid

Reading the right side of the BEAST : GBPJPY 17 Sept 2019

Long
OANDA:GBPJPY   British Pound / Japanese Yen
Yesterday the daily range was 122 pips whilst the 20-day ADR was 142 pips. There was a miss in daily range even though 20 pips for this beast could be considered a hit. (Discretionary analysis red flag!), I am NOT anticipating a price expansion today (price exceeding the daily ADR range).

Having said though, I am looking at the liquidity pool around 134.00 - 134.20 and 133.30 and 133.50. If price enters in the zone, that is a bullish activation and I will wait for a bullish trigger before I could enter Long the beast.

There are no risk events for the U.K and Japan