gbpjpy
First, there was a liquidity grab on the 1H timeframe, followed by a break of structure and the formation of a fair value gap (FVG).
Trade active
I will place my stop-loss at 191.250, which gives a 1.5 risk-to-reward ratio. Hopefully, we break above 191.6 to continue moving upward.Trade closed: stop reached
stop hit on 1.5 rr
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.