girolamoaloe
Long

GBPJPY - Buy more in any Bounce Back

FX:GBPJPY   British Pound/Japanese Yen
GBPJPY             is definitely in up trend and it is rising for a long time now.

In this trading scenario, buy more to any bounce back on a fresh demand Level. I had a trade in the last weeks and I closed it getting over 500 pips. But of course there were other opportunities to buy more.

The Demand level drawn in the monthly chart gave a relevant strength to the Financial Instrument and it is continuing to go up.

When it is clear that the price is going up, the good practice is just to buy in any convergence that the price action makes to a strong and fresh demand level.

I marked on chart, by arrows, the convergences on fresh demand levels.

Now the price reached the near supply level, going over it. In this moment it is having a new bounce back, according with the trading plan visible on chart.

What do you expect?

Thank you

girolamoaloe.com
Girolamo Aloe

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