GBPJPY SHORT
Why are we entering?
- Expecting JPY strength & GBP weakness
- We are waiting for rejection from our structure level and trendline
What is our confirmation?
- Break of RISK trendline and WFB
- Rejection from structure and trendline
Entry
- Safe Entry: Break of RISK trendline & Rejection from structure and trendline
- RISK Entry: Rejection from structure and trendline
- RISK Entry 2: Early break of RISK trendline
Once entered, where will our Stoploss be?
- Above structure & trendline (161.7) 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 :155.9 (530pips)
- Final TP: If structure breaks, 152.4 (890pips)
Why are we entering?
- Expecting JPY strength & GBP weakness
- We are waiting for rejection from our structure level and trendline
What is our confirmation?
- Break of RISK trendline and WFB
- Rejection from structure and trendline
Entry
- Safe Entry: Break of RISK trendline & Rejection from structure and trendline
- RISK Entry: Rejection from structure and trendline
- RISK Entry 2: Early break of RISK trendline
Once entered, where will our Stoploss be?
- Above structure & trendline (161.7) 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 :155.9 (530pips)
- Final TP: If structure breaks, 152.4 (890pips)
Want more chart ups like this? Click the links below:
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
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.
Want more chart ups like this? Click the links below:
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
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.