GBPJPY BIAS DETERMINED BY STRUCTURE ANALYSED ON 4 TIME FRAMES
BIAS IS 2V2 SO WHILST THE 30 MIN IS BULLISH I WOULD LOOK FOR BUY OPTIONS ON A BREAKOUT OF THE PREVIOUS DAYS HIGH ABOVE 134.70.
FOR SELL OPTIONS I WILL WAIT FOR A BREAK OF THE PREVIOUS DAILY LOW AND ANTICIPATE WITH OTHER CONFLUENCES FOR CANDLES TO PUSH DOWN. AS THE RANGE BELOW IS A BIT CHOPPY, I WOULD PREFER TO WAIT FOR A BREAK AND
RETEST OF THE 30 MIN STRUCTURE FLIP WITH FURTHER SELL STOPS ON A BREAKOUT BELOW 133.70
FOR SELL OPTIONS I WILL WAIT FOR A BREAK OF THE PREVIOUS DAILY LOW AND ANTICIPATE WITH OTHER CONFLUENCES FOR CANDLES TO PUSH DOWN. AS THE RANGE BELOW IS A BIT CHOPPY, I WOULD PREFER TO WAIT FOR A BREAK AND
RETEST OF THE 30 MIN STRUCTURE FLIP WITH FURTHER SELL STOPS ON A BREAKOUT BELOW 133.70
Trade closed: target reached