GBPJPY BUY LIMIT 152.281
- GBPJPY BUY LIMIT 152.281
- STOP LOSS 152.141
- TARGET 152.841 - 153.
GBPJPY currently in a range, had previous buys in this area, however due to a stop loss hunt, I was stopped out.
I have now placed a buy limit order at the bottom of the range / wick where stops were hunted, as I believe it will test this zone again.
- Trading alongside monthly & weekly bullish momentum, higher probability trade.
- Price has 11 rejections on 15 minute timeframe, at this zone where my buy limit is placed.
- Lots of buying volume at the bottom of this range.
Lets wait and see, risk management has been applied, with a tight stop loss of 15 pips.
- STOP LOSS 152.141
- TARGET 152.841 - 153.
GBPJPY currently in a range, had previous buys in this area, however due to a stop loss hunt, I was stopped out.
I have now placed a buy limit order at the bottom of the range / wick where stops were hunted, as I believe it will test this zone again.
- Trading alongside monthly & weekly bullish momentum, higher probability trade.
- Price has 11 rejections on 15 minute timeframe, at this zone where my buy limit is placed.
- Lots of buying volume at the bottom of this range.
Lets wait and see, risk management has been applied, with a tight stop loss of 15 pips.
Note
Stop loss 151.946.Incase another stop hunt occurs below previous structural low.
Trade closed: target reached
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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.