GBPJPY has bounced off discount zone and broke out of a bullish orderblock.
It's now ranging in an area where there is a lot of buying volume. indicating a potential rise to the next orderblock.
In my opinion you could wait for another pullback to retest the previous bullish orderblock then enter or enter now with a stop loss below the bullish orderblock or discount zone.
The most likely level it could reach would be the equilibrium level if it keeps rising.
It's now ranging in an area where there is a lot of buying volume. indicating a potential rise to the next orderblock.
In my opinion you could wait for another pullback to retest the previous bullish orderblock then enter or enter now with a stop loss below the bullish orderblock or discount zone.
The most likely level it could reach would be the equilibrium level if it keeps rising.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.