TradingView
justin217
Aug 8, 2016 2:00 PM

GJ Short correction then Long Still Long

British Pound/Japanese YenFXCM

Description

I am still looking for a pullback to the areas of either A or B (B is better probability of hard reversal and no DD) but either are good trades in my analysis. A will be a retest of H4 support and if it bounces off, take long. B will be a retest of a demand zone area that has never been touched. If it kisses it, buy long here. If it goes to B low, I dont think it will stay around long due to many trapped sellers. Same goes with A due to the massive amount of consolidation. I am reading that yen will rise this week as well. What do you guys think?
More