GBPJPY wave structure at 4-hour time frame
4H is swing bearish => currently is pullback up
We sell short when the price increases to the OB block and in the 15-minute time frame there is a decreasing CHoCH signal.
We sell short when the price increases to the OB block and in the 15-minute time frame there is a decreasing CHoCH signal.
Commento:
Price increased again to the Strong Swing peak of the 4-hour time frame. We wait for the CHOCH signal of the 15 minute time frame to sell
Commento:
Thus, the price has surpassed the strong fluctuation zone to continue increasing.