GBPJPY potential long scenario

FX:GBPJPY   British Pound/Japanese Yen
In the eventuality that the price will retrace back in the deep inside the demand level in the weekly chart, I have 3 buy orders ready to be executed just in the demand level drawn in the daily chart . the buy trades will be kept in run for the middle term.

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There is the possibility that the price will not reach the bottom of the demand level . In this situation I will wait for a better opportunity. I prefer don't risk a too high entry considering that the price action has already tested a potential entry point around the price where the financial instrument is at the moment.

What is your opinion about this currency?

Girolamo Aloe

Supply and Demand Trading Mentor. Author. Cyclist.
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