GBPJPY SHORT
Why are we entering?
- Expecting JPY strength
- We are waiting for rejection from our structure level and fibonacci
What is our confirmation?
- Break of WFB trendline and 1HR EMA
- Rejection from structure and fibonacci
Entry
- Safe Entry: Break of WFB trendline & 1HR EMA with Rejection from structure and fibonacci
- RISK Entry: Rejection from structure and fibonacci
- RISK Entry 2: Early break of WFB trendline / 1HR EMA
Once entered, where will our Stoploss be?
- Above structure & fibonacci / previous high (166.4) 30 pips
- Move SL to BE after running 30 pips
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP previous low :161.1 (500pips)
- Final TP: Structure & ascending channel 152.5 (1360 pips)
Why are we entering?
- Expecting JPY strength
- We are waiting for rejection from our structure level and fibonacci
What is our confirmation?
- Break of WFB trendline and 1HR EMA
- Rejection from structure and fibonacci
Entry
- Safe Entry: Break of WFB trendline & 1HR EMA with Rejection from structure and fibonacci
- RISK Entry: Rejection from structure and fibonacci
- RISK Entry 2: Early break of WFB trendline / 1HR EMA
Once entered, where will our Stoploss be?
- Above structure & fibonacci / previous high (166.4) 30 pips
- Move SL to BE after running 30 pips
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP previous low :161.1 (500pips)
- Final TP: Structure & ascending channel 152.5 (1360 pips)
Related publications
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.
Related publications
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.