Hi Traders. GBPJPY has been relatively in a choppy condition recently.
How do I define a choppy market? If when the price movement is not directional, and its constantly crossing above and below the 50ema & 200ema on the 4h chart.
But I personally will still be favouring short setups mainly because price is still forming lower highs on the higher timeframes.
Areas where I'm interested will be around 164.20-164.30 OR 165. Flexibility is the key.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
How do I define a choppy market? If when the price movement is not directional, and its constantly crossing above and below the 50ema & 200ema on the 4h chart.
But I personally will still be favouring short setups mainly because price is still forming lower highs on the higher timeframes.
Areas where I'm interested will be around 164.20-164.30 OR 165. Flexibility is the key.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
