GBP/JPY has been bullish for some time now with high momentum pushes on all timeframes
there has been a recent correction and some support formations after a decent rally.
with no significant pullback in place since market open, I opted to take some sells should we break the previous candles lows come market open.
On this occasion, the market fell below the Pre-London candles and triggered my position.
Targets are ambitious but they are also in a significant structure zone on the H4 timeframe.
If the H4 timeframe is to see a decent reversal, I have this area in mind to be where it will find consolidation
there has been a recent correction and some support formations after a decent rally.
with no significant pullback in place since market open, I opted to take some sells should we break the previous candles lows come market open.
On this occasion, the market fell below the Pre-London candles and triggered my position.
Targets are ambitious but they are also in a significant structure zone on the H4 timeframe.
If the H4 timeframe is to see a decent reversal, I have this area in mind to be where it will find consolidation