Investribe GBPJPY Outlook on last week of Feb 2020
1. Weekly Trend is going down - Down Trend
2. Looking for Short in the Supply Zone
3a. Wait for price entering the Supply Zone and a Bear candle is printed on the chart before placing a Short Entry (sell stop) order at 145.415.
3b. Stop Loss is placed above the Supply Zone at 147.488
3c. Take Profit is placed above the next Demand Zone at 140724
2. Looking for Short in the Supply Zone
3a. Wait for price entering the Supply Zone and a Bear candle is printed on the chart before placing a Short Entry (sell stop) order at 145.415.
3b. Stop Loss is placed above the Supply Zone at 147.488
3c. Take Profit is placed above the next Demand Zone at 140724