GBPJPY: Major 4h flip | Long setup +400 pips
Updated
Major structure 4h:
- We can observe price retested 178.0 major demand zone and closed with a very strong bullish pressure.
- price creates liquidity building equal highs at 183 supply and started a pull back move.
Minor Structure 15m:
- Market opened with +70 pips gab and rebalanced 50% and started pushing down to demand zone 181.0.
- A change of character formed after sweeping minor liquidity at 181.500.
* Pivot for a confirmation: 182.100
- We can observe price retested 178.0 major demand zone and closed with a very strong bullish pressure.
- price creates liquidity building equal highs at 183 supply and started a pull back move.
Minor Structure 15m:
- Market opened with +70 pips gab and rebalanced 50% and started pushing down to demand zone 181.0.
- A change of character formed after sweeping minor liquidity at 181.500.
* Pivot for a confirmation: 182.100
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Note
Great 4h bullish closure at 182.700
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