GBPJPY 4HR Potential Setup - 06/03/2021
Potential Setup as per snapshot
Bias = Neutral
JPY has been melting so some potential for price to retrace, which is long overdue if price is going to continue higher.
Option 1 - Wait for price to break the 4hr structure point, retest and then continue down with bearish momentum
b]Option 2 - Wait for price to break key level high, retest and then continue with bullish momentum.
Bias = Neutral
JPY has been melting so some potential for price to retrace, which is long overdue if price is going to continue higher.
Option 1 - Wait for price to break the 4hr structure point, retest and then continue down with bearish momentum
b]Option 2 - Wait for price to break key level high, retest and then continue with bullish momentum.
Aviso legal
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