Hi all, here we are breaking down GBP/JPY
Starting from the top we are in a Long Term Bullish movement, we seem to be respecting a Trend Line and Fractals are telling me we will return Bullish back for this trade setup.
Internally we have a CHoCH and have been breaking I-BOS since December.
Im looking to take out his Buy side Liquidity sitting with EQ tops and Im targeting beyond this Fib Extension. I will play it safe with the stop loss levels sitting it below the Demand zone and also below the Trend Line. I will enter at the 0.78 Level being our OTE zone.
Good luck to all the Traders that follow
Be sure to follow and comment if you have any questions
Starting from the top we are in a Long Term Bullish movement, we seem to be respecting a Trend Line and Fractals are telling me we will return Bullish back for this trade setup.
Internally we have a CHoCH and have been breaking I-BOS since December.
Im looking to take out his Buy side Liquidity sitting with EQ tops and Im targeting beyond this Fib Extension. I will play it safe with the stop loss levels sitting it below the Demand zone and also below the Trend Line. I will enter at the 0.78 Level being our OTE zone.
Good luck to all the Traders that follow
Be sure to follow and comment if you have any questions
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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.