On the 4h timeframe we can see GBPJPY is trending along in a channel from the daily timeframe. this continuation has been going since 2022 October. I would expect the price to overshoot the resistance at 186.184 and go straight to 196 area before retracing for a bigger upswing once it makes a new trend.
willl be watching and acting when it enters my area and my confluences are aligning.
I use price action and s & p levels to determine trades and ,mainly stick to high time frames before going smaller to execute trades at a much better rate.
Wins are good, but always be prepared for the unexpected. stop losses are a MUST
willl be watching and acting when it enters my area and my confluences are aligning.
I use price action and s & p levels to determine trades and ,mainly stick to high time frames before going smaller to execute trades at a much better rate.
Wins are good, but always be prepared for the unexpected. stop losses are a MUST