GBPJPY MARKET STRACTURE SHOWING POSSIBLY DOWNFALL
Updated
* Market filling day candel FVG then push downside
* There make a CHoCH
* LL starts in trend
* On 4 hr candel theres a resistance breakout and retest zone
* Maximum simple price action retailers sl should be below 161.131 there buyers sl
* So there may be a trap.
* Bankers found too much liquidity there and collect every sl
* So try to not trap in liquidity
* after taking a pullback and then the 2nd move should be taken previous pullback then we can entry with small sl
* as the chart mentioned if this pattern build
ENTRY PRICE WILL BE 162.197
SL eill previous candel high(ENTRY CANDEL HIGH)
TARGET will be 158.090
* There make a CHoCH
* LL starts in trend
* On 4 hr candel theres a resistance breakout and retest zone
* Maximum simple price action retailers sl should be below 161.131 there buyers sl
* So there may be a trap.
* Bankers found too much liquidity there and collect every sl
* So try to not trap in liquidity
* after taking a pullback and then the 2nd move should be taken previous pullback then we can entry with small sl
* as the chart mentioned if this pattern build
ENTRY PRICE WILL BE 162.197
SL eill previous candel high(ENTRY CANDEL HIGH)
TARGET will be 158.090
Note
Sorry for the inconvenience Update sone mistakesEP 162.791
SL 163.223
TP 158.690
Trade active
Note
Trail sl to 161.577Trade closed: stop reached
Trailing sl hit😔
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