GBPJPY,🔴It looks bearish🔴

We can see that the price shifted the structure and we are in a bearish market now.

The price created a lower low and mitigated all the supply zones, finally, the price created liquidity below the bearish order block and had a bearish reaction after hitting this zone.

For more confirmation, we need 15 minutes CHOCH. we can define 186.73 as the first target, and then the price fills the FVG.




💡Wait for the update!
🗓️05/02/2024
🔎 DYOR

💌It is my honor to share your comments with me💌

Yorum:

I should mention that if the price penetrant above the bearish order block, this TA failed.

Yorum:

As I expected the price reached 186.73 as the first target and now it trades at around 186.58.

More than 80 Pips so far.