GBPJPY TRENDLINE LIQUIDITY
Good time for a short
We can clearly see how the market created past days extreme liquidity from both sides of the market with manipulated trendlines, buyers and sellers both will get swept
After the BOE news the market pushed up to stop out the shorters from the falling trendline, now it's time to make a stophunt for all the retailers that bought from the rising trendline
Supply zone
Structure level
Fib 78.6
Possible break previous high and 157 for extra buy-stops
Take entry after the LTF confirmations
Aim for 153 and possibly 151.30 fib -27
We can clearly see how the market created past days extreme liquidity from both sides of the market with manipulated trendlines, buyers and sellers both will get swept
After the BOE news the market pushed up to stop out the shorters from the falling trendline, now it's time to make a stophunt for all the retailers that bought from the rising trendline
Supply zone
Structure level
Fib 78.6
Possible break previous high and 157 for extra buy-stops
Take entry after the LTF confirmations
Aim for 153 and possibly 151.30 fib -27
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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.
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.