GBPJPY Patiently waiting for price to enter Daily demand zone
Here we can see price is moving inside the parallel channel.
GY has been making new highs and higher lows which is an obvious uptrend.
Follow the trend until it is broken.
The daily demand zone is located at around 189.2 which is at the bottom of the channel.
I will patiently wait for the price to reach 189.2 then enter swing longs targeting recent highs @ 194.
(trend breaks if price pierces below 187.9)
GY has been making new highs and higher lows which is an obvious uptrend.
Follow the trend until it is broken.
The daily demand zone is located at around 189.2 which is at the bottom of the channel.
I will patiently wait for the price to reach 189.2 then enter swing longs targeting recent highs @ 194.
(trend breaks if price pierces below 187.9)