GBPJPY playing around structure on the 4hr, 1hr and 15min.
If a strong candle pattern presents itself inside the zone The plan is to take 2 buy positions.
1st for a 2:1 with stop loss just under structure with the 2nd positions stop loss in the same location and the TP at the previous strong high. once TP1 taken S/L on the 2nd position will be taken to break even to protect any profits.
Trade will exit if a trend change is seen i.e lower high, lower low. after movement to the upside is made.
Watch this space, looking very strong for a profitable position.
If a strong candle pattern presents itself inside the zone The plan is to take 2 buy positions.
1st for a 2:1 with stop loss just under structure with the 2nd positions stop loss in the same location and the TP at the previous strong high. once TP1 taken S/L on the 2nd position will be taken to break even to protect any profits.
Trade will exit if a trend change is seen i.e lower high, lower low. after movement to the upside is made.
Watch this space, looking very strong for a profitable position.
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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.