GBPJPY market structure analysis on 4 and 1 hour timeframes
Updated
4H swing is bullish => current is pullback dow.
1H swing is bearish => current is pullback up.
M15 swing is bearish
Price has not broken through SMT and IDM, we can look for selling opportunities down to the demand zone of the 4-hour time frame
1H swing is bearish => current is pullback up.
M15 swing is bearish
Price has not broken through SMT and IDM, we can look for selling opportunities down to the demand zone of the 4-hour time frame
Note
price rallied back and broke above the top of the 4H timeframe.Note
4H for sweep signal.M15 for bearish CHOCH signal.
Note
Price breaks the top and continues to increase according to the 4-hour correction trend.
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