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jojofang0901

GBPJPY Bottom of structure, bullish reversal pntential

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
jojofang0901 Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
54
18
chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Hello traders:

We can see GBPJPY's price is currently at the bottom of the overall HTF expanding structure.

How price is developing at the bottom is the key to identify and confirm the possible bullish price action.

We can now see a potential double bottoms, and a descending channel, good signs of the bullish reversals.

Best to wait for price to commit to the upside, by a bullish impulse up, follow by continuation on the lower time frame before entry.

thank you
Comment:
HTF:
snapshot
Comment:
Comment:
Price hit TP 1
strong bullish push up
but failed to continue higher
bearish momentum is coming in
no further bullish bias for now
snapshot
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