We are monitoring potentional SELL scenario on GBPJPY. We see a lot of liquidity downside, but we need to see a clear rejection on our H4 zone. Don't sell on first TAP, wait for an extra confirmation. We will keep you update.
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We can see a reversal pattern on 5M timeframe, but still not entering the trade. Let see on reaction demand area around 168.100. If there will be a correction pull back, NOT impulsive we can preparing for SELL position. Be patience.
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We are open SELL position. EP: 167.900 SL: 169.160 TP: 164.180
Let's see. Taking some partial if you are in this trade.
🟣 Weekly, Daily timeframe we are bullish 🟣 However we have a strong order block on 4H timeframe 🟣 If we want to take a SELL we need to see a clearly change of character 🟣 We'll wait for more price development before taking any trade.
@Bartolo11 we are waiting for two potentional scenarious:
1. Pulling above previous HIGH to sweep liquidity, strong rejection and change character. 2. Impulsive drop under 167.550 and correction - price action.
🟣 However we have a strong order block on 4H timeframe
🟣 If we want to take a SELL we need to see a clearly change of character
🟣 We'll wait for more price development before taking any trade.