Update of Gbp/jpy, Specially when we look for few charts at the end of the and everything has went according to plan then it is really worth to think of that opportunity next day and It is really worth watching that chart
If you see closely there was a Momentum Break after the breakout and when we saw higher prices accepted then second think we look at neutral day with minor area of protection or development area and that what it did exactly and then we look for demand to pick up after liqidation break happens and then Rapid Move and that does absolutely same things .
But today fall could be a liqudation break or Imbalance disappers but still there is no momentum just a small momentum candle which does not have any follow through and supply area is marked and if we find any rejection with momentum that It's worth going short with small stops or cover you position early if that selling reverse and best way to approach the trading
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Thursday, April 03, 2014
Update On Gbp/jpy Chart For Intraday Technical Purpose
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