GBP/JPY Outlook ICT Concepts
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on GBP/JPY, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
🚀 Current Price Action
From the current price action, we observe that the price is presently at a premium level. We've noted the previous month's high (PMH) and the previous day's high (PDH), indicating a potential continuation to the upside.
⏳ Lower Time Frame Observations
On lower time frames, such as the 1-hour chart, there are order blocks below the previous week's high (PWH), suggesting possible reactions at these levels. We anticipate that the price may reach the PWH before reversing downward to target the sell-side liquidity below.
📉 Sell-Side Liquidity Targets
For sell-side liquidity, the key levels to watch are the previous week's low (PWL), which aligns with an Equal Low (EQL), making it a significant target. Additionally, there are internal liquidity levels such as Fair Value Gaps (FVG) and Sell-Side Liquidity (SSL) zones.
🔍 Overall Expectation
Overall, we expect the price to extend slightly higher before initiating a new move to the downside. To position ourselves effectively, we need confirmation from lower time frames, specifically the 1-hour and 15-minute charts.
🙏 Thank you for joining us!
Exploring GBP/JPY today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on GBP/JPY, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
🚀 Current Price Action
From the current price action, we observe that the price is presently at a premium level. We've noted the previous month's high (PMH) and the previous day's high (PDH), indicating a potential continuation to the upside.
⏳ Lower Time Frame Observations
On lower time frames, such as the 1-hour chart, there are order blocks below the previous week's high (PWH), suggesting possible reactions at these levels. We anticipate that the price may reach the PWH before reversing downward to target the sell-side liquidity below.
📉 Sell-Side Liquidity Targets
For sell-side liquidity, the key levels to watch are the previous week's low (PWL), which aligns with an Equal Low (EQL), making it a significant target. Additionally, there are internal liquidity levels such as Fair Value Gaps (FVG) and Sell-Side Liquidity (SSL) zones.
🔍 Overall Expectation
Overall, we expect the price to extend slightly higher before initiating a new move to the downside. To position ourselves effectively, we need confirmation from lower time frames, specifically the 1-hour and 15-minute charts.
🙏 Thank you for joining us!
Exploring GBP/JPY today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
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.