GBPJPY,🔴It looks bearish🔴
We can see that the price shifted the structure and we are in a bearish market now.
The price created a lower low and mitigated all the supply zones, finally, the price created liquidity below the bearish order block and had a bearish reaction after hitting this zone.
For more confirmation, we need 15 minutes CHOCH. we can define 186.73 as the first target, and then the price fills the FVG.
💡Wait for the update!
🗓️05/02/2024
🔎 DYOR
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Note
I should mention that if the price penetrant above the bearish order block, this TA failed.Note
As I expected the price reached 186.73 as the first target and now it trades at around 186.58.More than 80 Pips so far.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.