Higher-timeframe structure remains bullish on GBPJPY. From a midterm perspective, I’m waiting for sell-side liquidity to be taken and price to deliver into my midterm order block, which is the main POI I’m monitoring.
Currently, I’m tracking the first order block and observing the footprint behavior as price approaches the zone. The reaction and acceptance around this area will determine the next phase of delivery.
If that area fails to hold, I expect price to engineer the full leg and seek the point of origin of the range, potentially mitigating an extreme area within discounted territory.
Until then, I’m continuing to monitor the footprints and allowing price to reveal the next opportunity.
Patience is key
Tracking remains the edge.
Let’s go.
Currently, I’m tracking the first order block and observing the footprint behavior as price approaches the zone. The reaction and acceptance around this area will determine the next phase of delivery.
If that area fails to hold, I expect price to engineer the full leg and seek the point of origin of the range, potentially mitigating an extreme area within discounted territory.
Until then, I’m continuing to monitor the footprints and allowing price to reveal the next opportunity.
Patience is key
Tracking remains the edge.
Let’s go.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.