GPB/JPY - Weekly OutlookHi all,
This is my analysis for this pair.
This is a HTF breakdown, finishing the week off we have broken previous structure. This does insinuate we are going to continue Bearish momentum although we are currently trading within a Mitigation Block in the Weekly view so two things could happen here being we get a smaller TF reversal of which I will be waiting for confirmation before buying or I could even possibly see price breaking through this Extreme Demand zone to continue selling off.
We have claiming Sell side Liquidity and the Equal Highs does tell me we have a lot of reasons to push up higher to take Buy side Liquidity where we see Higher TF Imbalance and resting Liquidity.
Due to being uncertain with this trading plan if we do see a small reversal we could still take a trade towards the Mitigation Block to claim more sellers before selling off Higher.
This is a risky trading plan so if you do follow be sure to use risk management.