GBPJPY SELL IDEA - Pre Autumn Statement
GBPJPY - Short Idea
Price on the 4H timeframe recently broken through a key structure level.
Price has made a slow corrective move but up in to a discounted area of price.
We have also noted on the 1H TF that price reacted and swept into a Strong OB which caused the higher timeframe Change of price to switch to bearish.
Note we want to see price spike into our FVG, highlighted in green for a potential short trade to confirm our directional bias.
Target 4 Deviation levels
Be wary of the news release at 12:30 UK Time.
Price on the 4H timeframe recently broken through a key structure level.
Price has made a slow corrective move but up in to a discounted area of price.
We have also noted on the 1H TF that price reacted and swept into a Strong OB which caused the higher timeframe Change of price to switch to bearish.
Note we want to see price spike into our FVG, highlighted in green for a potential short trade to confirm our directional bias.
Target 4 Deviation levels
Be wary of the news release at 12:30 UK Time.