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glyrad

GBPJPY SELL Trade Aug 3 2023

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
glyrad Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Wave Analysis Trend Analysis Beyond Technical Analysis wyckoffdistribution smartmoneyconcept institutionaltrading proprietarytrading
3
0
waveanalysis trendanalysis beyondta wyckoffdistribution smartmoneyconcept institutionaltrading proprietarytrading
Distribution Schematics ---> valid from Daily to 15 min TIMEFRAME.

I wait for manipulation of HIGH since it has a valid structure on daily TF followed by IMB from 1h to 15min .

After manipulations of High , It tap into the IMB then continue going lower.

RR: 1:14

a great trade to end the week .

See attached chart for more detailed entry and setup.
Comment:
IMB----> equals POI
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