GBP/JPY Trade Setup (1H Timeframe)
Watching the GBP/JPY pair closely for a potential short setup. Price is approaching a critical area near the ascending trendline, and I'm anticipating a potential breakdown from this level.
Plan: Wait for a break and retest of the trendline around 190.546 for confirmation before entering short.
Entry: 190.546 (on the retest after a confirmed break)
Stop Loss: 192.446 (above recent highs, -189 pips)
Take Profit 1: 189.008 (+153 pips)
Take Profit 2: 186.976 (+357 pips)
Take Profit 3: 183.771 (+678 pips)
I will wait for confirmation and enter on the retest. If TP1 is hit, the stop loss will be moved to break even to secure profits.
Plan: Wait for a break and retest of the trendline around 190.546 for confirmation before entering short.
Entry: 190.546 (on the retest after a confirmed break)
Stop Loss: 192.446 (above recent highs, -189 pips)
Take Profit 1: 189.008 (+153 pips)
Take Profit 2: 186.976 (+357 pips)
Take Profit 3: 183.771 (+678 pips)
I will wait for confirmation and enter on the retest. If TP1 is hit, the stop loss will be moved to break even to secure profits.
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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.