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GBPJPY wave structure at 4H, 15M timeframe

British Pound / Japanese Yen (OANDA:GBPJPY)  
quangcttn Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Wave Analysis SMC smctrading smcconcepts smcanalysis
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waveanalysis smc smctrading smcconcepts smcanalysis
Day is uptrend => current is correction
4H is uptrend => current is correction
15M is dowtrend
Current price is in the demand zone of the 4H, Daily time frame.
There is a high possibility that the price will increase again.
To confirm the price increase again, we wait for the price to surpass the strong swing top of the 15M time frame
Comment:
Price broke through the strong Swinghigh peak of the 15-minute time frame
Comment:
After the price broke through the strong swinghigh in the 15-minute time frame, the price continued to rise to the weak swinghigh in the 4-hour time frame.
Comment:
The price rose and broke through the weak swing high on the 4-hour timeframe and created a strong swing low.
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