- Extreme order flow on GBP/JPY, as you can see on the chart price dropped to 163.0 demand zone grabing liquidity that formed at 165.0.
- Price respected 163.0 demand zone and start rising forming equal highs at 169.0.
- Again we have a big bearish move to the next demand zone at 164.0 forming a higher high.
- Another equal lows formed at 167.500, so price may retest to 165.0 demand zone forming a higher high.
- We may have a big bullish move from 165.0 to 170.0 supply zone grabbing all the liquidity at 167.500.
- Price respected 163.0 demand zone and start rising forming equal highs at 169.0.
- Again we have a big bearish move to the next demand zone at 164.0 forming a higher high.
- Another equal lows formed at 167.500, so price may retest to 165.0 demand zone forming a higher high.
- We may have a big bullish move from 165.0 to 170.0 supply zone grabbing all the liquidity at 167.500.