The 4h uptrend is still valid, and after a creation of a new higher high, the most recent higher low provides support to look for continuation.
Being reactive to structure and price action means you trade with the markets momentum and higher probability direction.
I do believe however that the pair is verging on overbought. But this is just speculation, and we must take opportunities in the overall direction of the market, until price action dictates otherwise.
What's your plan for GBPJPY?
Being reactive to structure and price action means you trade with the markets momentum and higher probability direction.
I do believe however that the pair is verging on overbought. But this is just speculation, and we must take opportunities in the overall direction of the market, until price action dictates otherwise.
What's your plan for GBPJPY?