ElrichTrades

A high probability buy entry on GBPJPY

Long
FX:GBPJPY   British Pound / Japanese Yen
Price reacted from the 4hours demand zone and there's been a structural shift.

The 1hour timeframe orderflow is bullish therefore I'm expecting a buy.

On the 15min timeframe, I waited for a break of structure to fully confim my bias. An orderblock is formed which is valid.

Reasons why it is valid is because, there is a fair value gap above it and then there is liquidity/inducement sitting above it.

I'm expecting price to take out the liquidity, then react to the zone before I look for a confirmation on the 1min timeframe.

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