✅ GBP/JPY Trade Plan – Trend Continuation ⭐⭐⭐⭐⭐ (High Confidence)
📌 Entry Type: Waiting for Pullback
📌 Status: Price has NOT tapped the entry zone yet – Waiting for first-time entry.
📍 BUY ZONE:
✔ BUY: 190.500 - 190.200 (Demand Zone + Previous Support + 50% Fibo Retracement)
🔰 STOP LOSS:
🚨 SL: 189.750 (Below Demand Zone & Liquidity Grab Area)
🎯 TAKE PROFIT TARGETS:
🥇 TP1: 192.200 (Previous High)
🥈 TP2: 193.500 (Key Resistance)
🥉 TP3: 194.800 (Swing High + Liquidity Target)
⚡ RISK-REWARD RATIO:
✅ Min R:R: 1:3+ (High Reward Potential)
📌 Reason for Entry:
✔ Trend Continuation Setup – Bullish market structure on D1/H4.
✔ Demand Zone aligns with Fibonacci 50% retracement & previous support.
✔ Institutional liquidity grab below 190.500 = Smart Money Accumulation.
✔ Bullish rejection candles (Engulfing, Pin Bar) in demand zone = Confirmation.
📌 Confirmation Required Before Buying:
✔ H1 Bullish Rejection (Pin Bar, Engulfing) at Entry Zone.
✔ LTF Bullish Divergence = Extra Confluence.
✔ Volume Increase at Demand Zone = Smart Money Buying Signal.
🚨 DO NOT buy if price breaks & closes below 189.750 (Invalidation Level).
📌 RISK MANAGEMENT REMINDER:
💰 Use 1-2% risk per trade. Move SL to breakeven after TP1 to secure profits.
📌 TRADE VALIDITY & INVALIDATION CONDITIONS:
✅ Trade Validity: Price must tap the entry zone within 24 hours for the trade setup to remain valid.
❌ Invalidation: If price breaks & holds below 189.750 OR if price moves away from the entry zone without a pullback.
❌ If price does NOT reach the entry zone within 24 hours, the setup is invalid, and we will reassess the market conditions.
✅ Final Thoughts:
✔ Only one Buy Zone in this trade plan – No Sell Setup currently valid.
✔ Waiting for price to pull back to the demand zone before entry.
✔ Patience is key – Only execute with confirmation signals!
📌 Entry Type: Waiting for Pullback
📌 Status: Price has NOT tapped the entry zone yet – Waiting for first-time entry.
📍 BUY ZONE:
✔ BUY: 190.500 - 190.200 (Demand Zone + Previous Support + 50% Fibo Retracement)
🔰 STOP LOSS:
🚨 SL: 189.750 (Below Demand Zone & Liquidity Grab Area)
🎯 TAKE PROFIT TARGETS:
🥇 TP1: 192.200 (Previous High)
🥈 TP2: 193.500 (Key Resistance)
🥉 TP3: 194.800 (Swing High + Liquidity Target)
⚡ RISK-REWARD RATIO:
✅ Min R:R: 1:3+ (High Reward Potential)
📌 Reason for Entry:
✔ Trend Continuation Setup – Bullish market structure on D1/H4.
✔ Demand Zone aligns with Fibonacci 50% retracement & previous support.
✔ Institutional liquidity grab below 190.500 = Smart Money Accumulation.
✔ Bullish rejection candles (Engulfing, Pin Bar) in demand zone = Confirmation.
📌 Confirmation Required Before Buying:
✔ H1 Bullish Rejection (Pin Bar, Engulfing) at Entry Zone.
✔ LTF Bullish Divergence = Extra Confluence.
✔ Volume Increase at Demand Zone = Smart Money Buying Signal.
🚨 DO NOT buy if price breaks & closes below 189.750 (Invalidation Level).
📌 RISK MANAGEMENT REMINDER:
💰 Use 1-2% risk per trade. Move SL to breakeven after TP1 to secure profits.
📌 TRADE VALIDITY & INVALIDATION CONDITIONS:
✅ Trade Validity: Price must tap the entry zone within 24 hours for the trade setup to remain valid.
❌ Invalidation: If price breaks & holds below 189.750 OR if price moves away from the entry zone without a pullback.
❌ If price does NOT reach the entry zone within 24 hours, the setup is invalid, and we will reassess the market conditions.
✅ Final Thoughts:
✔ Only one Buy Zone in this trade plan – No Sell Setup currently valid.
✔ Waiting for price to pull back to the demand zone before entry.
✔ Patience is key – Only execute with confirmation signals!
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.