GBPJPY Bottom of structure, bullish reversal pntential
Updated
Hello traders:
We can see GBPJPY's price is currently at the bottom of the overall HTF expanding structure.
How price is developing at the bottom is the key to identify and confirm the possible bullish price action.
We can now see a potential double bottoms, and a descending channel, good signs of the bullish reversals.
Best to wait for price to commit to the upside, by a bullish impulse up, follow by continuation on the lower time frame before entry.
thank you
Comment
HTF:Comment
Comment
Price hit TP 1strong bullish push up
but failed to continue higher
bearish momentum is coming in
no further bullish bias for now
Related publications
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.