GBPJPY 4HR Potential Setup - 14/03/2021
Potential Setup as per snapshot
Bias = Neutral
Option 1 - Price to retrace back to current 4hr structure point, take out liquidity and then continue with bullish momentum.
Option 2 - Price to retrace back to 4hr structure point, break this structure, retest, then continue down with bearish momentum back to the key level, but ideally making a LL
Bias = Neutral
Option 1 - Price to retrace back to current 4hr structure point, take out liquidity and then continue with bullish momentum.
Option 2 - Price to retrace back to 4hr structure point, break this structure, retest, then continue down with bearish momentum back to the key level, but ideally making a LL
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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.