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Ryansanalysis
Apr 6, 2022 2:27 PM

GBPJPY - Looking for shorts  Short

British Pound/Japanese YenFXCM

Description

Explanation:
I'm expecting GBPJPY to sweep the highs grabbing liquidity to then see a further downside! Ain't looking for any sells right now until I see a BOS, Once this has happened I can then confirm sellers have stepped into the market and it's time to follow the move down. Will be looking for sells on the retest into a new Order Block / Area of supply !

Educational Tip: Rising Wedge
A rising wedge is when price is squeezing upwards into a potential reversal area. As you can see the impulsive are getting smaller and so are the correction. Price is distributing order ready for the next move in the market !
Comments
davidw3st99
Great analysis bro :)
Ryansanalysis
@davidw3st99, thank you brother :)
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