tokelohomi

Double bullish

FX:AUDJPY   澳元/日圓
Price broke the structure that was initially respected as a supply zone and made a minor pullback to the internal demand zone. After the pullback price started to consolidate and eventually broke out of the distribution phase to mitigate 50% of the 4h supply zone. The mitigation provided a shooting star which drove price to the internal liquidity pool, liquidity wipe out took place and price hiked to the order block. Should price fail to break this immediate zone then a volatile move is bound to happen to the upside or price could continue reducing to the demand zone before providing a bullish move…

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