GBPJPY Bias is determined by analysing structure over four times
Updated
CURRENT WEEKLY CANDLE IS STRONG BULLISH. THE DAILY IS ALSO CREATING HH'S AND HL'S AS IS THE 4 HR CANDLES. WITH 30 MIN STRUCTURE BULLISH AND SIGNIFICANT CONFLUENCE, I ANTICIPATE A BREAKOUT OF THE CURRENT HIGH
WITH A BUY STOP ABOVE 134.284. FOR SELL OPTIONS CLEAN TRAFFIC DOWN ON THE BREAK OF STRUCTURE BELOW 133.789.
WITH A BUY STOP ABOVE 134.284. FOR SELL OPTIONS CLEAN TRAFFIC DOWN ON THE BREAK OF STRUCTURE BELOW 133.789.
Trade closed: target reached
Note
Stops were placed below the 30 min candle prior to the breakout candle. Both targets hit. Trade closed +23 pips
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