GBPJPY ANALYSIS 15 - 19 FEB
Updated
ANALYSIS
--------------
DAILY TF: BIG BULLISH MOMEMNTUM CANDLES
4HR TF: BREAK OF RECENT HIGHER HIGHS
1HR: BREAK OF A RECENT HIGHER HIGHS
PLAN OF ACTION
----------------------
- WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR & OR 5MIN TF TO COMPLETE BEFORE TAKING BUYS
- IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND SELL TRADES
- CHECK ASIA & LONDON SESSIONS FOR BREAKOUT OF THE CORRECTION PHASE
ENTRY REASON
--------------------
- BREAK OF CORRECTION PHASE
STOP LOSS @ TO BE DETERMINED AFTER CORRECTION
TAKE PROFIT @ NEXT ZONE
--------------
DAILY TF: BIG BULLISH MOMEMNTUM CANDLES
4HR TF: BREAK OF RECENT HIGHER HIGHS
1HR: BREAK OF A RECENT HIGHER HIGHS
PLAN OF ACTION
----------------------
- WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR & OR 5MIN TF TO COMPLETE BEFORE TAKING BUYS
- IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND SELL TRADES
- CHECK ASIA & LONDON SESSIONS FOR BREAKOUT OF THE CORRECTION PHASE
ENTRY REASON
--------------------
- BREAK OF CORRECTION PHASE
STOP LOSS @ TO BE DETERMINED AFTER CORRECTION
TAKE PROFIT @ NEXT ZONE
Trade active
Trade closed: target reached
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.