GBPJPY long or short - Which Scenario?

GBP/JPYOANDA

Description

⋅ Aug 3, 2020 7:18 AM

Hello Traders!

On GJ we got two/three possibilities:

#1 Price is not respecting the daily Supply Zone and it is going to push higher
#2 and #3 Price is going to respect the daily Supply Zone and will make a good direction till one of the two h4 Demand Zones.

Please monitorize Price Action in the orange area before you are going to make any trading decision.

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.

Comments

muhddans01012

⋅ Aug 3, 2020 7:26 AM

if the price does not respect daily supply xone where should tp be at?

DariusFxTrading

⋅ Aug 3, 2020 3:33 PM

@muhddans01012, next monthly resistance

Stethostrade

⋅ Aug 3, 2020 7:24 AM

Agree with your idea with Gj. Likely to touch #2#3 h4 demand zone before bounce up. I missed the last week's bull run. Sigh.

DariusFxTrading

⋅ Aug 3, 2020 3:33 PM

@Stethostrade, yes mate thanks. yeah lets catch the next move

Amr_Sadek

⋅ Aug 3, 2020 7:20 AM

Thank you for the update .. well done

DariusFxTrading

⋅ Aug 3, 2020 3:33 PM

@Amr_Sadek, cheers my friend