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
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
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal