GBPJPY: Buyers Crawling At The Doorsteps Of Sellers
It looks like buyers are crawling at the doorsteps of sellers after sellers are losing steam.
Scratch that, I think buyers are knocking aggressively.
This is because sellers have retraced only 50% of the "move up by buyers" and they are already on "leg 2" with "leg 2" showing weakness in strength. This gives opportunity for a buy trade although I can't tell when this is going to happen. However, be on the lookout for it.
Trade with care. Use a strategy you have tested and verified.
6.1.8. Family.
More Than Just Trading.
Scratch that, I think buyers are knocking aggressively.
This is because sellers have retraced only 50% of the "move up by buyers" and they are already on "leg 2" with "leg 2" showing weakness in strength. This gives opportunity for a buy trade although I can't tell when this is going to happen. However, be on the lookout for it.
Trade with care. Use a strategy you have tested and verified.
6.1.8. Family.
More Than Just Trading.