British Pound / Japanese Yen
Updated

GBPJPY Market Structure Analysis on 15 Minute, 4 Hour Timeframe

516
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.
Trade active
snapshot
Trade closed: target reached
the price dropped as planned.
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.