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

2023年12月7日

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.

2023年12月9日

交易开始

w1 demand in control

2023年12月11日

交易开始

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

2023年12月19日

交易开始

W2 demand still Holds for a short term buys

2024年1月8日

交易开始

W2 demand still Holds on the third hits

2024年1月17日

交易结束：到达目标

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