GBPJPY: Imbalance & False Breakout 🇬🇧🇯🇵
Updated
https://www.tradingview.com/x/ANFQr4sq/
Feels like we have a good example of stop hunt and imbalance on GBPJPY.
The market is consolidating within a horizontal range on a daily.
We saw a breakout attempt of its support in the morning
and the market was even trading beyond that for some time.
However, then we see a formation of a bullish engulfing candle - the imbalance.
It makes me think that this bearish move was simply a manipulation.
I expect a growth now to 182.3 level.
❤️Please, support my work with like, thank you!❤️
Feels like we have a good example of stop hunt and imbalance on GBPJPY.
The market is consolidating within a horizontal range on a daily.
We saw a breakout attempt of its support in the morning
and the market was even trading beyond that for some time.
However, then we see a formation of a bullish engulfing candle - the imbalance.
It makes me think that this bearish move was simply a manipulation.
I expect a growth now to 182.3 level.
❤️Please, support my work with like, thank you!❤️
Trade closed: target reached
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