A Market Structure Shift (MSS) has been identified on the 15-minute timeframe, signaling a potential bullish run for GBPJPY.
Before the bullish momentum unfolds, the market is expected to retrace and mitigate an Order Block (OB) below the current price. This move will likely induce retail traders to sell, creating liquidity for smart money to fuel the upside movement.
Once this liquidity grab is complete, I anticipate a strong move to the upside, targeting the 195.70 level, which aligns with key liquidity resting from last week’s bearish trend.
This setup presents a classic liquidity sweep and OB mitigation pattern often seen in smart money playbooks.
Before the bullish momentum unfolds, the market is expected to retrace and mitigate an Order Block (OB) below the current price. This move will likely induce retail traders to sell, creating liquidity for smart money to fuel the upside movement.
Once this liquidity grab is complete, I anticipate a strong move to the upside, targeting the 195.70 level, which aligns with key liquidity resting from last week’s bearish trend.
This setup presents a classic liquidity sweep and OB mitigation pattern often seen in smart money playbooks.
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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.