Monthly; bullish trend Weekly ; there is a candle that filled the previous candle’s wick so I was expecting price to get rejected from the monthly S/R zone and reverse, currently is stuck in a consolidation
On the daily there was a rejection forming a shooting start candle indicating a reversal may happen, price also broke previous swing.
On the 4h; there is a spinning top candle followed with a bearish engulfing My confluences for a trade; 4h Breaking previous HL Below emas A heavy bearish momentum breaking the S/R zone The monthly/weekly long wick candles indicating loss of bullish momentum and a high probability of price reversing.
@JoeChampion I would say maybe, based on the monthly candles there might be a probability of the GBP dropping down and JPY rising, also from Elliot wave perspective the 5 impulsive waves are done that means we’re looking for a correction to happen.