GBPJPY Thesis

25 mag 2020

Price has come to a sensitive zone right now where we may see sellers step in and take control of the market. The market has been moving in an ascending channel on the lower time frame which may result in buyers stepping in as they believe the market is now in an uptrend. however, basing my Bias on the Higher time frame i Believe the market was just correcting to come to our order block zone so the institutions can load up their sell positions at premium price where we can perhaps step into the market for a sell which we can get a very good RR ratio and a high probability the market will go in our favoured direction.

-Good luck!
- This is a speculative setup, not investment advice.