PeanutButter

GBPJPY OHLC (SELLS) APRIL MONTHLY STRUCTURE

Corto
FX:GBPJPY   Libra esterlina/Yen japonés
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GBPJPY
OHLC

Monthly structure In daily timeframe appears to be long-term sells.
Possible second leg of “M” pattern
Patiently waiting for a TDI CROSS to confirm sells. Also price line and bloodline are both within the Sell pressure zone making this high probability.
Runner Tp must be the “OPEN” which is a consolidated Quarter Level for GBPJPY.
Bearish divergence from last months high to current market price with wicks indicating rejections.
Trade with Caution. Wait for valid entries.

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