GBPJPY confluence Setup

12 Ağu 2022

Looking from H4 TF we're currently on a retracement from a concluded Bullish impulsive move. while the retracement is ongoing, a lot of liquidity traps are been left behind. There is a possibility of some more sell setups to complete a deeper retracement but from this setup we are looking to buy as we have a confluence of trend, minor liquidity wipe, order block and fib level. so we are looking buy before we see further reaction of the market