GBPJPY Structure completion here?

Hi everyone:

GBPJPY just like other JPY pairs have shape up for a nice sell opportunity.

We see price dropped down from previous continuation structure, and begin to form a large, deep correction structure.

As price slowly correct itelf up toward the top of the structure, we see an expanding ascending channel, also giving us extra confluence for a reveral.

The last bit of price action had a short move up but quickly retraced back down to form a smaller correction on lower time frame.

I would look to enter when price confirmed a breakout from this small structure.

Looking to the lows of the larger structure on the higher time frame.

Thank you

ความคิดเห็น:

higher time frame:

ความคิดเห็น: