GBPJPY NowPrice tested our major trendline structure, creating a major level in the market, giving us evidence that a reversal was in form.
To give us more confluence, we could expect price to break not only previous structure high but the descending channel as well.
Eventually, an ascending triangle pattern was formed (consolidation) during the Asian Session, giving us more confluence to where price might go.
London session opened, momentum kicked in.
Risk-free trade, price action, market structure.
