GBPJPY on the daily timeframe shows a confirmed OHLC (OPEN HIGH LOW CLOSE) SELL Setup within the Monthly structure. TDI has indicated a bearish cross, suggesting the presence of sellers in the market. My target is set at 191.000 (Monthly Open). I advise patience in awaiting a sell signal to validate the selling momentum in smaller timeframes.
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Monthly Structure Analysis for EURGBP
OLHC (Buy Setup)
Examining the initial monthly structure for the year 2024 of the EURGBP currency pair in the daily timeframe reveals a distinctive OLHC pattern (Open, Low, High, Close), indicating an optimal Buy Structure. Currently, we are anticipating a TDI cross ❎ to validate the presence of buyers in the market. Upon...
![GBPJPY: GBPJPY MONTHLY STRUCTURE OHLC (SELL SETUP) TP [@191.000]](https://s3.tradingview.com/i/IonxeWFx_mid.png "GBPJPY MONTHLY STRUCTURE OHLC (SELL SETUP) TP [@191.000]")
![EURGBP: EURGBP [OLHC] MONTHLY BUY SETUP](https://s3.tradingview.com/8/89CYsXob_mid.png "EURGBP [OLHC] MONTHLY BUY SETUP")
