Using ICT concepts combined with the BTMM strategy, GBPJPY is currently showing a high-probability bullish signal.
Market Structure: Price has cleared liquidity from recent lows, indicating a potential smart money accumulation phase.
BTMM Timing: The pair is aligning with a Market Maker cycle, showing signs of a Phase 1 accumulation and potential move into Phase 2 (markup).
ICT Confluences:
Liquidity grab beneath the previous session low.
Price has returned to a fair value gap/imbalance zone.
Order block support is holding strongly.
If the bullish momentum sustains, we could see price push towards projected key levels (next liquidity pool above).
However, if price fails to hold this accumulation zone and breaks below the current structural low, we may see a collapse to deeper discount levels as indicated.
Bias: Bullish
Entry Zone: Around the discount order block
Targets: Next liquidity levels above
Invalidation: Break below the recent accumulation low
Market Structure: Price has cleared liquidity from recent lows, indicating a potential smart money accumulation phase.
BTMM Timing: The pair is aligning with a Market Maker cycle, showing signs of a Phase 1 accumulation and potential move into Phase 2 (markup).
ICT Confluences:
Liquidity grab beneath the previous session low.
Price has returned to a fair value gap/imbalance zone.
Order block support is holding strongly.
If the bullish momentum sustains, we could see price push towards projected key levels (next liquidity pool above).
However, if price fails to hold this accumulation zone and breaks below the current structural low, we may see a collapse to deeper discount levels as indicated.
Bias: Bullish
Entry Zone: Around the discount order block
Targets: Next liquidity levels above
Invalidation: Break below the recent accumulation low
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.