gbpjpy 4hour swing trade setup price structure

23 בפבר׳ 2023

Hello traders, how are you doing today?

Today let's review the market structure in
GBPJPY 4hours, outlook is bullish , currently
pullback mode after the recent fakeout
of key s/r at 161.80 stop sweep after
we printed a high at 163. 40 pullback
will wipe out weak bulls.

Sequence of higher lows:

156.25 higher low
157.50 higher low
158.50 new higher low

We recommend to buy low after pullback
near 159.50 / fixed SL at 158.50 and TP
BULLS is at 166.10 (+650 pips).

this is a swing trade setup, so more patience
required, as always do your own due dill.

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