The 5%ers' Blog

Waiting For Breakout Price Action On GBPJPY 19/11/2018

November 19, 2018 | 10:30 am | The 5%ers' Blog
November 19, 2018 | 10:30 am
The 5%ers' Blog

As a price action forex trader, I’ll wait for the price to break the resistance zone I marked on the chart, if the price will break the resistance zone it indicates the price on his way to Reach the next critical level which is the supply above, I won’t buy immediately at the breakout, but I’ll look for a good price action setup of buy position, my target will be the supply Above, and I’ll consider this trade as an intraday position.

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