🕐 EURJPY – TCB Setup (Higher Timeframe Validation ✅)
Strategy: Trend → Countertrend → Breakout (TCB)
Timeframe: 1H
Status: Breakout confirmed — now watching EP1/EP2 for clean entry signals
🔍 Setup Breakdown:
📈 Trend: Clean bullish channel structure still intact
↘️ Countertrend: Descending wedge fully broken to the upside
🚀 Breakout: Price is now testing key structure → breakout above 172.429 & 172.681 zones
📌 Trade Plan:
EP1: 172.429 — safer, structure-based retest
EP2: 172.681 — aggressive entry if price holds above
SL: 172.150
TP1: 173.400
TP2: 174.000
R:R: 1:2.5+ depending on entry location
Checklist Score: 95% — confirmed breakout, now waiting for execution model in NY or Asia session
🧠 TCB Note:
Higher timeframe confluence makes this setup stronger. Look for price action confirmation (e.g. bullish engulfing or rejection wicks) at EP1/EP2 before executing.
#EURJPY #ForexTCB #BreakoutTrading #PriceActionFX #SmartMoneyFlow
Strategy: Trend → Countertrend → Breakout (TCB)
Timeframe: 1H
Status: Breakout confirmed — now watching EP1/EP2 for clean entry signals
🔍 Setup Breakdown:
📈 Trend: Clean bullish channel structure still intact
↘️ Countertrend: Descending wedge fully broken to the upside
🚀 Breakout: Price is now testing key structure → breakout above 172.429 & 172.681 zones
📌 Trade Plan:
EP1: 172.429 — safer, structure-based retest
EP2: 172.681 — aggressive entry if price holds above
SL: 172.150
TP1: 173.400
TP2: 174.000
R:R: 1:2.5+ depending on entry location
Checklist Score: 95% — confirmed breakout, now waiting for execution model in NY or Asia session
🧠 TCB Note:
Higher timeframe confluence makes this setup stronger. Look for price action confirmation (e.g. bullish engulfing or rejection wicks) at EP1/EP2 before executing.
#EURJPY #ForexTCB #BreakoutTrading #PriceActionFX #SmartMoneyFlow
Trade closed: stop reached
📉 EURJPY 1H – Breakout Setup | +1.2R Before ReversalSpotted a clean breakout from a descending wedge in line with the bullish trend. Entered at EP1.
✅ Price moved +1.2R in profit
⛔️ Then reversed and hit SL — not due to a tight stop, but a full structure failure.
🔍 Review:
✅ Setup aligned with HTF trend
✅ Good entry and SL placement
❌ Market failed to hold above breakout level
⚠️ No partials secured at 1R+
📌 Lesson: Consider taking partials around 1R when price shows hesitation. Even valid setups can fail.
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.
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.