GBPJPY 6/8/23

2023年8月6日

Starting off the week with GJ here we have a really clean sell range given to us during Thursdays session, we swept out the highs from our NY & LDN from wednesday, after this we produced this very clean sell move.

now we have to keep in mind the age of our POI which going to effect teh probability of this move playing out but over all we are looking for a tap into a sell deeper into the sell range we are showing you here, overall we have a larger time frame move playing out so we will keep an eye out for any possible bullish moves coming into this market later this week. we also have to take into account that the high of our range is an Asia high which a lot of the time like to be swept out, so reduced risk or confirm entry would be a smart approach to this one.

Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.

We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!