GBPJPY - Bearish bias now
Updated
-ChoCh observed and bias has now changed to bearish.
-Price is driving into 50% daily fvg level and is mitigating it. Said level also acts as a resistance. Solid bullish daily candle shows this is a risky short trade but in 1h TF, bullish momentum is slowing down. Risky trade regardless.
I have taken this trade as shown. Let's see how it works out!
-Price is driving into 50% daily fvg level and is mitigating it. Said level also acts as a resistance. Solid bullish daily candle shows this is a risky short trade but in 1h TF, bullish momentum is slowing down. Risky trade regardless.
I have taken this trade as shown. Let's see how it works out!
Note
Ultimate TP at unmitigated weekly 50% FVG
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