POTENTIAL LONG TRADE SET UP FOR GBPJPY
Analysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
Entry: The price has reached the lower boundary of a higher time frame (HTF) bullish continuation structure, approaching this zone with a descending channel on the mid time frame (MTF) and a bullish expanding wedge (reversal pattern) on the lower time frame (LTF). On the LTF, a bullish impulse has formed, and we will monitor for a continuation pattern to identify a potential entry point for the trade.
Expectation: An upward move is anticipated, targeting the upper boundary of the HTF bullish continuation structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
Entry: The price has reached the lower boundary of a higher time frame (HTF) bullish continuation structure, approaching this zone with a descending channel on the mid time frame (MTF) and a bullish expanding wedge (reversal pattern) on the lower time frame (LTF). On the LTF, a bullish impulse has formed, and we will monitor for a continuation pattern to identify a potential entry point for the trade.
Expectation: An upward move is anticipated, targeting the upper boundary of the HTF bullish continuation structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
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.
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.