GBPJPY 1H Analysis Update plus new entry06/23/22
Price came close to target profit by 30 pips.
As expected, it retraced to retest zone at the inital entry
2 key things to look for:
Price currently in consolidation and I'm looking for a break and close above the zone to re-enter for the buy.
If price closes below the consolidation zone, indicated by the yellow box, it breaks previous support and would invalidate the buy.
As expected, it retraced to retest zone at the inital entry
2 key things to look for:
Price currently in consolidation and I'm looking for a break and close above the zone to re-enter for the buy.
If price closes below the consolidation zone, indicated by the yellow box, it breaks previous support and would invalidate the buy.
Order cancelled:
broke below consolidation so it invalidated the buy. Initial entry was a good run of pips
