GBPJPY market structure analysis on 1, 4 hour timeframes
Updated
4H swing is bearish
1H swing is bearish
M15 swing is bearish => current is pullback up
We look for a short opportunity when price rises to the supply zone of the 1 hour time frame.
1H swing is bearish
M15 swing is bearish => current is pullback up
We look for a short opportunity when price rises to the supply zone of the 1 hour time frame.
Note
Price increases back to supply zoneNote
Price drops and breaks strong bottom of internal structure
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