welcome to this beloved forex.zone forum.
best regards, good evaluation, I have permission to keep reading miss isca
Thank you for your visit in my journal. I am happy to invite you to read and please share the your analysis in here.
congratulations for Monday, the beginning of a beautiful and good week for us to start trading ... thank God we can still breathe fresh air today and be able to do activities like the previous weeks, on the occasion earlier this week I try to share what I understand and what I looked at the market movements in the GBPJPY pair. If we turn to history one month ago after GBPJPY dropped down and then Up again until the current price is 143,152. for one full month to be an up trend, and seen from the wekly time frame, there was already an uptrend, even more beautiful if you look at the close of the candle last weekend as much as the candle, meaning the strength of the buyer dominated the previous day, for today if I see from the dayli time frame it will be clearly up for the continuation, but I am still waiting for the price to fall back to the retention area as a first step to continue up to the high two weeks ago around the price of 144,641.
The initial focus this Monday is that I wait for the price to drop to 142,595-142,060 where the price range I mentioned is the area I will look for opportunities to buy at the H1 time frame, for GPS I still use H4 and look for entry in H1 time frame. I focus on finding opportunities to buy as long as there is no breakout low support around the price of 142,053. because if you break the price of 142,053 then you must wait in the next low support area around the price of 140,307.
