This week FOMC minutes meeting would be the key event in the US. The short-term momentum still shows some strength in the dollar that will be challenged over the next sessions.
This trade is based on various different confluences, Higher timeframe is still bearish however, on the hourly we have mitigated of nice areas of demand forming bullish orderflow. We have plenty liquidity grabs and a break of a supply zone to the upside. Finally we have re-accumulated at a trendline which indicates we are about to take retail liquidity from...
I will let you know when i enter, i want price to come up at my entry and see 1-2 wicks on 5m. Lets see
Mitigation of ,,FU" candle H4 TF, wait for distribution, TP1 is liqudity. TP2 is D1 low.
the bias of gbpjpy has shifted based on market structure. we shall now want to see break of previous high . nice retracement and move to our target around 144.000 area with high liquidity follow me for more updates