GBPJPY possible reversal

19 nov. 2023

After price broke our daily high with momentum,it began to gradually retrace back into an internal structure demand that caused the break of this high. It tapped it,luring in early buyers before it smashed through it with momentum. This signaled a potential shift of internal structure direction as the demand zone was invalidated. We get more confirmation from observing that there is clear double bottom liquidity that was left behind, together with a huge imbalance below it. These are all things that price will have to eventually target and now could be the time because our daily high liquidity was swept, so the failure of the demand zone could result in a flip that would surely push price deep down to clear all internal liquidity and imbalances left behind during higher timeframe expansion.