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Gbpjpylong

HAVE YOU TICKED THE BOXES!?!? PLAN/RISK/EXECUTEIts simple.. fail to plan, plan to fail, just a few things that a plan includes are entry and exit rules, any rules that you can add to control your behaviour behind the chart, set times to trade, your strategy and the list goes on depending on the trader... a risk management strategy also ties into your plan, for me risk is the game changer in becoming a consistent trader. In your risk strategy you should have what your comfortable losing each trade, where to place stops, lot sizes, your leverage amounts to stick to your total risk each trade.. a strategy in place will ease the mind and give you a lot more control when in positions. Of course you need reasons for entering the trade.. how many confluences do you have? time frames? does it fit my trading strategy? is this my decision not based solely off someone else opinion... there a many questions to ask yourself without getting to confused... the market as I've always said is a hard way to make easy money, most will fail but the ones that want to learn and put the time and work in can succeed. Anyway hope everyone smashes it this week!!
Long
by jamison_fx
GBPJPY Buy Signal With Price ActionCheck out the technical analysis-based trade plan for the GBPJPY today. On the 4h to D1 period, the GBPJPY has produced a trend breakthrough, and we are now getting near to major support. We must therefore determine whether the prices for the GBPJPY pair will break through the support or rebound back to the recently formed highs. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by FTSCHART
GBPJPY BUY Potential return of between 7.8 % to 15.6 % GBPJPY is in a very strong uptrend when we look at the monthly time frame and the weekly time frame. We have seen some sort of bearish correction in the previous two months (July and August) which is a good signal to find an entry to the upside. The daily time frame also just trend bullish , this can be seen from the breakout of the symmetrical triangle/or trendline. We can also see that there has been a change in market structure on the daily timeframe which is shown by the breakout of the key level as show on the chart. With all these factors being taken into consideration, the result is a trade which currently stands at a risk reward of about 1 to 8. Potential return of between 7.8 to 15.6 % if you risk between 1 to 2 % of your account on each trade. Targets are set using the Fibonacci tool. The monthly timeframe trend is in line with the weekly timeframe , which is in line with the daily timeframe creating a high probability trade.
Long
by NDOBObanks