Looking to do a structure based trade on the GBP/JPY 4HR pair.
As we can see, we are testing and holding support quite well with the tweezers candle formation, then the market rallied up and closed above previous RES, which now becomes new SUP and we're holding this line.
If we don't close below this SUP, we'll be looking to become a buyer in the hopes to hit TP1 and maybe TP2.
Star Prosper
Philip Stewart
As we can see, we are testing and holding support quite well with the tweezers candle formation, then the market rallied up and closed above previous RES, which now becomes new SUP and we're holding this line.
If we don't close below this SUP, we'll be looking to become a buyer in the hopes to hit TP1 and maybe TP2.
Star Prosper
Philip Stewart
