Potential Crab Forming 🦀
GBP/JPY - Potential Crab Forming, price is currently rejecting from a strong S/D zone and we have LTF confirmation for entries short.
I've entered this trade and will look to swing to previous support (Which is also a nice area of confluence) before then looking to trade long with the weekly trend up-to the D point of the Crab for the uptrend continuation!
This is a retracement, so if you trade it be careful with your lots!
Let me know your thoughts!
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
I've entered this trade and will look to swing to previous support (Which is also a nice area of confluence) before then looking to trade long with the weekly trend up-to the D point of the Crab for the uptrend continuation!
This is a retracement, so if you trade it be careful with your lots!
Let me know your thoughts!
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
⚠️ New Account ⚠️
Please follow my new Insta and FB! (I lost my old account with 100k+ Followers) I’m having to start again! 🚨@benalistarfx
âś… FREE SIGNALS: blackswanfx.com
Please follow my new Insta and FB! (I lost my old account with 100k+ Followers) I’m having to start again! 🚨@benalistarfx
âś… FREE SIGNALS: blackswanfx.com
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.