GBPJPY Trading zones

28 thg 4, 2020

As seen on the chart, the price is not volatile and there is no strong momentum. We wait for the retracement at bottom near the accumulation zone and wait for the strong rejection, then go long. If the price breaks its resistance and then wait for it to reach until its distribution zone and go short, before that wait for its strong rejection and bearish engulfing. Happy trading. Please use strict money management and don't use more than 2% of your balance.