GBPJPY on the 4h chart after the break of the resistance area fetches the 50% move and s currently trading below the structure at the 164 level.
As we know all the pairs but mostly the JPY ones are reacting very well to the round and half-round numbers and being in a bullish scenario we still be long for a long order.
How can i approach this scenario?
I will look for a clear break of the resistance structure and IF the price will satisfy the Plancton's strategy i will set a nice long order.
As we know all the pairs but mostly the JPY ones are reacting very well to the round and half-round numbers and being in a bullish scenario we still be long for a long order.
How can i approach this scenario?
I will look for a clear break of the resistance structure and IF the price will satisfy the Plancton's strategy i will set a nice long order.