GBPJPY Short set-up
On the daily we can see price has pushed into a daily DBD level and is starting to reject. On the lower tf (1H), we have a level of demand that pushed into the daily level which is now broken. A 1 Hr supply level was created which is the origin of the move that broke the 1h Demand. A pull-back into the 1h demand is what i am looking to go short, just keep in mind that that level has already been tested. Profit potential is ideal.
3.5 and 5.7 R:R for both targets.
3.5 and 5.7 R:R for both targets.
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