GBPJPY - 4 HR Projection and Analysis
Just a couple of options i have drawn out for GJ. There are obviously many more ways price can move here. But these are just the main couple i am anticipating.
Also note that the depths and amounts of retracements may vary - making it seem that there are way more options for price to travel but they are all pretty much the same - As long as the direction continues in the same manner and the pullbacks react at significant areas, i am not too worried.
As long as my anticipated direction and behavior reflects the actual behavior on the charts, I am not fixated on price hitting the exact numbers like 158.500 etc. I just have those as a rough guide or area.
When price hits those areas i will then readjust and re-assess my perspective and analysis. 😊
Also note that the depths and amounts of retracements may vary - making it seem that there are way more options for price to travel but they are all pretty much the same - As long as the direction continues in the same manner and the pullbacks react at significant areas, i am not too worried.
As long as my anticipated direction and behavior reflects the actual behavior on the charts, I am not fixated on price hitting the exact numbers like 158.500 etc. I just have those as a rough guide or area.
When price hits those areas i will then readjust and re-assess my perspective and analysis. 😊