Previous Monthly candle closed
Bearish with a long rejection wick.
High Probability The next monthly
candle will fill the previous candle wick.
We could continue the bearish momentum in September before pushing to the upside.
Overall GBPJPY is in a Range
I am anticipating price to respect my 1hr zone to continue to the downside.
Liquidity is found in my retail zone as their is manipulation around that area.
Price could break the retail zone to collect liquidity.
Bearish with a long rejection wick.
High Probability The next monthly
candle will fill the previous candle wick.
We could continue the bearish momentum in September before pushing to the upside.
Overall GBPJPY is in a Range
I am anticipating price to respect my 1hr zone to continue to the downside.
Liquidity is found in my retail zone as their is manipulation around that area.
Price could break the retail zone to collect liquidity.