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Doublebottomretest

Trading Idea: GBPJPY Buying Opportunity and Bullish OutlookIf you're looking for a buying opportunity on GBPJPY, focus on the double bottom retest zone between 199.62 and 199.37. Overall, I maintain a bullish outlook on GBPJPY. Key Levels: - Double Bottom Retest Zone : 199.62 to 199.37 Strategy: - Buying Opportunity : Look for entry points within the double bottom retest zone between 199.62 and 199.37. - Bullish Outlook : Given the overall bullish sentiment, consider holding long positions for potential gains. Stay cautious and trade wisely. What’s your trade plan for GBPJPY? Share your thoughts in the comments!
Long
by RaynLim
EURUSD Type2 Bullish Shark Pattern - Two-Trade StrategyI'm pleased to share an update on the EURUSD Type2 Bullish Shark Pattern trade. If you've been following my TradingView post, you might have already profited from the first target, and now we're looking at a potential second target. Here's the current strategy: - First Target : Already Profited - Second Target: Awaiting Fulfillment In the event of a retracement to 1.0815, I am considering engaging in an additional long position. This strategy involves a Double Bottom retest trade. Essentially, if the market retraces and reaches 1.0815, I'll enter another long position. This way, if the market moves in my favor, I'll have two trades in profit. On the flip side, if the market goes against me, I'll have one trade incurring losses. Feel free to share your thoughts and trade plans for EURUSD. Are you considering a similar two-trade strategy or have other plans in mind? For a visual representation, please refer to the chart link in the TradingView post.
Long
by RaynLim