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CoinCaller
Jan 20, 2020 8:21 PM

GBPJPY BUY AT THE READY! Long

British Pound/Japanese YenFXCM

Description

GBPJPY IS CURRENTLY AT AN ENTRY POINT FOR A BUY OPPORTUNITY. CONFIRMATIONS FOR BUY: 1. PRICE IS AT WELL RESPECTED TREND LINE SITTING ABOVE SUPPLY/DEMAND AREA 2. LONG WICK REJECTION FOLLOWED BY STRONG BULLISH CANDLE AND THEN A HAMMER ( SHOWING DIMINISHING BEARISH PRESENCE) 3. ON GENERAL UPTREND AND BOUNCED UP FROM SUPPLY/DEMAND ZONE ON MULTIPLE OCCASIONS. RISK TO REWARD IS GOOD ON THIS SETUP, I WOULD LIKE PRICE TO TEST PREVIOUS MONTH HIGHS BUT CAN SET TP ANYWHERE FROM THE TOP OF ASCENDING TL AS A MINIMUM.
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