


Looking for a Double Top pattern formation Placing a Sell Limit @ 1.24031 S/L = Above the highest high __________________________________________ Placing our T/P @ 1.22843 If this gets hit, we will close half our position + move S/L to B.E. (leaving a runner)
Entry @ 0.99952 S/L @ 0.99886 (6 pips) T/P @ 1.00218 (26 pips) RRR = 1:4 ------------------------------------ - Overall trend is bullish - Break of Structure @ 0.99903 - S/L below B.O.S - T/P @ previous highs
- Overall trend is bullish - Break of Structure @ 0.99903 - S/L below B.O.S - T/P @ previous highs Entry @ 0.99952 S/L @ 0.99886 (6 pips) T/P @ 1.00218 (26 pips) RRR = 1:4
Overall direction = Bullish Entry @ 1.82820 S/L = 1.82660 (16 pips) T/P = 1.83737 (91 pips) RRR = 1:5
There was a break of structure @ 1.82921 (blue horizontal line) Being very conservative about our stops, only risking 17 pips to potentially make 108 pips. This gives us a RRR of 1:6, going to risk 4% of my account on this trade. (1% more than I usually do).G
LIVE - GBPJPY Longs turns into Shorts w/ Sell Limit (PLAYS OUT!)
Selling Pressure on the Daily + Weekly
moving S/L to break even + leaving a runner for Tp#2
breaking down why im entering the trade, waiting for price to reach OUR zone
Price broke structure on the 1HR timeframe, refer to the blue line (retested broken structure, now new support)
Major Sellers pressure at this sell zone (orange box), set stops/take profit and SIT ON YOUR HANDS!!!
Sellers pressure @133.00 - 131.00 // Overbought RSI on H4 // Area of confluence on fibs
Found confluence @38.20 on H4 // cross of EMAs on H1 // over-bought conditions on RSI on H4 // bearish trend line on H4 // break of structure on LTF (30M)