BlackTygaTrades

GBPJPY possible reversal

Short
OANDA:GBPJPY   Livre sterling / Yen japonais

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.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.