According to Dow Theory, the GBP/JPY pair is currently forming a consistent series of Higher Highs (HH) and Higher Lows (HL) — a strong indication of an ongoing bullish trend.
To capitalize on this trend continuation, we are placing a Buy Stop order. If the price breaks above the previous HH, it will confirm the bullish momentum, and we’ll execute the trade based on the levels below:
📊 Trade Parameters:
Pair: GBP/JPY
Trend: Bullish
Entry Point (Buy Stop): 193.557
Stop Loss (SL): 192.276
Take Profit 1 (TP1): 194.838 ✅ (1:1 Risk-Reward)
Take Profit 2 (TP2): 196.119 ✅ (1:2 Risk-Reward)
Lot Size: 0.11
Risk: $200
Potential Reward: $300
🧠 Strategy:
We will open two trades:
First trade will target a 1:1 risk-to-reward ratio
Second trade will aim for a 1:2 risk-to-reward ratio
This approach allows early profit booking while giving space for extended gains if the bullish breakout continues.
#GBPJPY #ForexSignals #BullishTrend #DowTheory #BreakoutTrade #RiskReward #TechnicalAnalysis #BuySetup #TradingView
To capitalize on this trend continuation, we are placing a Buy Stop order. If the price breaks above the previous HH, it will confirm the bullish momentum, and we’ll execute the trade based on the levels below:
📊 Trade Parameters:
Pair: GBP/JPY
Trend: Bullish
Entry Point (Buy Stop): 193.557
Stop Loss (SL): 192.276
Take Profit 1 (TP1): 194.838 ✅ (1:1 Risk-Reward)
Take Profit 2 (TP2): 196.119 ✅ (1:2 Risk-Reward)
Lot Size: 0.11
Risk: $200
Potential Reward: $300
🧠 Strategy:
We will open two trades:
First trade will target a 1:1 risk-to-reward ratio
Second trade will aim for a 1:2 risk-to-reward ratio
This approach allows early profit booking while giving space for extended gains if the bullish breakout continues.
#GBPJPY #ForexSignals #BullishTrend #DowTheory #BreakoutTrade #RiskReward #TechnicalAnalysis #BuySetup #TradingView
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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.