CHECK GBPJPY ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAIN
This chart shows a trading setup for the GBP/JPY currency pair on a 2-hour timeframe. Let’s break it down:
Entry Point: Marked in the blue zone, suggesting a short (sell) position.
Stop Loss: Set at 190.100, placed above the recent highs to minimize risk.
Take Profit Levels:
Take Profit 1: Around 189.400
Take Profit 2: Around 189.200
Last Target: Around 188.800 — the final goal for this trade, maximizing profit if the price continues to drop.
The trader anticipates a price rejection at the entry zone, with expectations for a bearish move. Let me know if you want help analyzing the setup or adjusting the strategy!
Entry Point: Marked in the blue zone, suggesting a short (sell) position.
Stop Loss: Set at 190.100, placed above the recent highs to minimize risk.
Take Profit Levels:
Take Profit 1: Around 189.400
Take Profit 2: Around 189.200
Last Target: Around 188.800 — the final goal for this trade, maximizing profit if the price continues to drop.
The trader anticipates a price rejection at the entry zone, with expectations for a bearish move. Let me know if you want help analyzing the setup or adjusting the strategy!
Trade closed manually
CLOSE TRADE
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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.