GBPJPY 4 Hour Trading Journal
On the 4 hour chart price has primarily been offering premium prices. After April 14 bull run price was rejected creating equal highs.
Since Monday price is delivering to a tight institutional flow and I anticipate raid on stops soon. Trouble is will price gravitate to the buy side and continue to rebalance the monthly SIBI after this consolidation or my sense is it may deliver to the sell side liquidity before inching back up.
On the 4 hour chart price has primarily been offering premium prices. After April 14 bull run price was rejected creating equal highs.
Since Monday price is delivering to a tight institutional flow and I anticipate raid on stops soon. Trouble is will price gravitate to the buy side and continue to rebalance the monthly SIBI after this consolidation or my sense is it may deliver to the sell side liquidity before inching back up.