jacksonswift

GBPJPY confluence Setup

FX:GBPJPY   英鎊 / 日圓
Looking from H4 TF we're currently on a retracement from a concluded Bullish impulsive move. while the retracement is ongoing, a lot of liquidity traps are been left behind. There is a possibility of some more sell setups to complete a deeper retracement but from this setup we are looking to buy as we have a confluence of trend, minor liquidity wipe, order block and fib level. so we are looking buy before we see further reaction of the market

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