GBPJPY - Trend-Following Buy Setup!

6 mars 2023

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

on H4: Left Chart
GBPJPY is overall bullish trading inside the blue channel. So we will be looking for trend-following buy setups on lower timeframes.

on H1: Right Chart
GBPJPY is stuck inside a range around the lower blue trendline acting as a non-horizontal support.

🏹 Trigger => for the bulls to take over, we need a momentum candle close above the last high in gray.

Meanwhile, until the buy is activated, GBPJPY can still trade lower till the green support zone.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich