GBPJPY MARKET STRACTURE SHOWING POSSIBLY DOWNFALL
* 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
Trade active
Comment:
Trail sl to 161.577
Trade closed: stop reached:
Trailing sl hit😔
EP 162.791
SL 163.223
TP 158.690