GBPJPY TRADE TO 142 LEVEL 1000 PIPS
Market structure very bearish
Price hit important demand level 149
Triangle liquidity from buyers and sellers, both will get swept
Mind the big descending trendline from past weeks, when it breaks to the upside longs will get trapped on the wrong side
The market should go up to test possibly 152.50 or 153.50 supply zone before big drop
Good levels to take a short
Price will drop back to 149 around this level tons of liquidity waiting from buyers and sellers
First the buyers get stopped out when price falls to 148 then plenty of sell-stops get activated, market shoots up hits sl
When the liquidity gets cleared out and people get confused about their bias, the market will complete the big short move towards 142 level fast.
Price hit important demand level 149
Triangle liquidity from buyers and sellers, both will get swept
Mind the big descending trendline from past weeks, when it breaks to the upside longs will get trapped on the wrong side
The market should go up to test possibly 152.50 or 153.50 supply zone before big drop
Good levels to take a short
Price will drop back to 149 around this level tons of liquidity waiting from buyers and sellers
First the buyers get stopped out when price falls to 148 then plenty of sell-stops get activated, market shoots up hits sl
When the liquidity gets cleared out and people get confused about their bias, the market will complete the big short move towards 142 level fast.
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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.