I've identified a potential bearish setup on the GBP/JPY currency pair. However, in the past few hours, the price has been consolidating and forming a double demand zone. This pattern has led me to reconsider my initial view. Right now, I'm waiting for an opportunity to go long. I'm looking for a reversal or bounce around the 182.70 zone. If the price confirms a move above the Point of Control (POC), I plan to enter a long position with a risk-to-reward ratio of 1:2. My target is to reach the last swing high at 183.26.
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
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.
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
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.