GBPJPY market structure analysis on 4 hour time frame
Updated
4H swing is bullish
Internal (i) swing is bullish
Today the price rallied again and broke the strong top creating a bullish CHOCH signal and creating a new strong swing bottom.
The 4-hour trend will only turn bearish when the strong swing low is broken
Internal (i) swing is bullish
Today the price rallied again and broke the strong top creating a bullish CHOCH signal and creating a new strong swing bottom.
The 4-hour trend will only turn bearish when the strong swing low is broken
Note
After giving a major CHOCH signal, the price increased very strongly
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