Short

GBPJPY BIAS DETERMINED BY ANALYSING STRUCTURE OVER 4 TIME FRAMES

Updated

WITH OVERALL BIAS STILL BEARISH (3V1 BIAS) AS LONG AS PRICE REMAINS UNDER 135.200 AS THIS IS THE LAST SIGNIFICANT LOWER HIGH ON THE 30 MIN, I WILL BE LOOKING FOR SELLS

Note

Now 30 min structure has flipped bullish. Will be waiting for at least a two candle pullback to retest the breakout area and place a buy upon a bullish candle confirm that support is created above the breakout area

Note

Want to see support form above 135.200 to look for buys. If candles close below that level then buys become invalid for the time being.

Trade closed: target reached

Sell stops below the 134.80 hit TP 18 pips within minutes

jusjan

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.