GBPJPY PROJECTION

On the Daily TF price had broken a MAJOR structure area. Result creating a HH then a minor retracement which was a 23.6% on the fib. Price then created a HH then a Really Steep Retrace. Coming to an area of confluence with an area of exhaustion, hitting 38.2% (meaning being an official HL point), As well at a 160.000 QP level. Waiting for price to create an engulfing variation orrrr wait for a break of a strong area of resistance/structure to then look for buys.

Now on the H4 TF. we see that price is obviously in a steep countertrend to create that HL, So Ill be waiting to take a sell when price created a LH .