ephraimmode

GBPJPY 1H analysis

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OANDA:GBPJPY   英鎊 / 日圓
Scenario:

Price is currently ranging, liquidity has been built up below and above, buyers has been absorbed with divergence impact, price is currently building up to retest the 70 - 80 zone.

Expectation:

Once price takes out liquidity below, I will look for bullish 15m BOS and buy on the second retest block. Once price takes the liquidity above or reach the POI zone, I will look for 8m/15m bearish BOS and then make entry on the retest block.



Comment:

Making entry within the price range without waiting for the liquidity of either sides to be taken will not be ideal.. Best of LUCK !!!

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