There are 3 options for a daytrade opportunity on GBPJPY,
1- If the price will break out the resistance above, i'll look for P"A
Setup of buy position in order to reach the supply at the top,
2 - The supply above is a great level of sell position, i'll sell there, it's also
Quasimodo level.
3 - The demand below is next fresh demand for buy position, i'll buy there.
1- If the price will break out the resistance above, i'll look for P"A
Setup of buy position in order to reach the supply at the top,
2 - The supply above is a great level of sell position, i'll sell there, it's also
Quasimodo level.
3 - The demand below is next fresh demand for buy position, i'll buy there.
Comment:
For those who sell at the top (supply level), I roll my stop order to the entrance
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