GBPJPY Market Structure Analysis on 15 Minute, 4 Hour Timeframe
Updated
4H swing is bearish => Current is pullback dow
M15 swing is bearish => Current is pullback up
The main trend of the 4-hour timeframe is downtrend, the 15-minute timeframe is downtrend. Therefore, we look for a selling opportunity in the demand zone of the 15-minute timeframe.
M15 swing is bearish => Current is pullback up
The main trend of the 4-hour timeframe is downtrend, the 15-minute timeframe is downtrend. Therefore, we look for a selling opportunity in the demand zone of the 15-minute timeframe.
Trade active
Trade closed: target reached
the price dropped as planned.
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