w1 Demand zone | GBPJPY Short-term pull back (risky)

٧ ديسمبر ٢٠٢٣

GBPJPY is at demand zone(nested daily in weekly demand zone) there is a possibility for a short-term pull back, since GBPJPY is at extreme holding long is risky.

upon confirmation on the demand zone the possible target is 185.805 - 185.038 supply zone.

W1 and w2 zone are the two demand zone in control.

W1 and w2 zone are the last two imbalances remaining for a potential long term sell if eliminated since GBPJPY is at extreme.

٩ ديسمبر ٢٠٢٣

تم فتح الصفقة

w1 demand in control

١١ ديسمبر ٢٠٢٣

تم فتح الصفقة

W2 demand in control which remain the key demand imbalance that hold the bullish sentiment

١٩ ديسمبر ٢٠٢٣

تم فتح الصفقة

W2 demand still Holds for a short term buys

٨ يناير

تم فتح الصفقة

W2 demand still Holds on the third hits

١٧ يناير

أغلقت الصفقة: تم الوصول للهدف

w2 demand zone gained control after 3rd hits, also hits the target 185.805 - 185.038 supply zone