raiihan_06

GJ ANALYSIS (SMC/INSTITUTIONAL)

Short
FX:GBPJPY   British Pound / Japanese Yen
Price is in an obvious down trend and then had a CHCOH recently and a BOS making the market go into a bullish trend and then was rapidly taken out by a bearish move with a high amount of volume which left a large amount of imbalance followed by a CHOCH and BOS. Due to the mass volume, I believe that a extreme order block would be recommended. Also, as confluence, I used a FIB level to confirm my order block along with the fact price is liquidating near to my order block.
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