Price has proceeded to clear sell side liquidity , potentially reversing via HTF correction and might continue with the move downwards. Area marked via as checkpoint should be paid close attention for potential shorts or potential complete reversal to the upside. Let me know in the comments what do you guys think !
Stage for distribution set up Find your shorts at every pullback! BC- Buying Climax AR- Automatic Reaction| ST- Secondary Test UT- Upthrust UTAD- Upthrust after distribution
Price accumulation phase. Price came down to tap demand zone and reverse. Once price exit accumulation zone, it will began mark up phase. Buy at every pullback.
GBPJPY long swing Entry : 139.05 Risk take profit : 139.80 Partial Half : 140.80 Partial half : 141.20 Let it run or close fully , your choice
GJ Short Swing Entry : 140.20 Risk TP : 139.20 Partial half TP : 138.80 Remaining half tp : 138.20 Let the remaining run/close fully , your choice.
As DXY as reflected in my previous analysis had retested the box i drawn, my position for GBPUSD would be long.
Expecting retest on the box followed by downwards momentum. Look for long against USD.