GBPJPY Sell
GBPJPY is in an uptrend so logically makes sense to buy.
However, price seems to be heading to a key liquidity zone which will potentially see lots of sellers
Option 1 sell - Will wait for the 4H candle to close. If it closes below structure, we can look to enter a sell. if it closes above structure, we'll wait for a retest and enter a small buy heading to the Order block (circled) for our main Option 2 sell.
Option 2 sell - You can set your stop loss where your risk management dictates. However, note that since that is a major liquidity zone, there is a risk an institutional candle may try to clear out liquidity (sellers' stop losses) before it heads down.
Always wait for the candle close around structure to give you a better indication of the direction of travel
However, price seems to be heading to a key liquidity zone which will potentially see lots of sellers
Option 1 sell - Will wait for the 4H candle to close. If it closes below structure, we can look to enter a sell. if it closes above structure, we'll wait for a retest and enter a small buy heading to the Order block (circled) for our main Option 2 sell.
Option 2 sell - You can set your stop loss where your risk management dictates. However, note that since that is a major liquidity zone, there is a risk an institutional candle may try to clear out liquidity (sellers' stop losses) before it heads down.
Always wait for the candle close around structure to give you a better indication of the direction of travel
Note
20 pips off target with 600 pips profit down up and down. Boom!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.