Day 5 : GBPJPY Short it like it's hot
Weekly Chart are showing a pull back towards the left side structure of a continuation down trend of this pair. Therefore we should find any given opportunity to short this pair at the nearest Supply Zone.
There are a few entries here please refer to the chart for the entries.
Risk Reward Ratio are pretty lucrative depend on which price you pick to short from.
It's a pull back structure and Supply Zone trade with high possible Risk Reward Ratio , and not to say that it has a BAT Pattern here ( Not particularly a good harmonic pattern drawer, the X point is not that good. But still, managed to get all the ABCDs matched for a BAT )
And there you go! we've got a Harmonic + S&D + Structure Pull Back Trade over here.
There are a few entries here please refer to the chart for the entries.
Risk Reward Ratio are pretty lucrative depend on which price you pick to short from.
It's a pull back structure and Supply Zone trade with high possible Risk Reward Ratio , and not to say that it has a BAT Pattern here ( Not particularly a good harmonic pattern drawer, the X point is not that good. But still, managed to get all the ABCDs matched for a BAT )
And there you go! we've got a Harmonic + S&D + Structure Pull Back Trade over here.
Note
Note
A Much cleaner picture of the plan. Pick on of these Blue lines for entry, or wait until price reached Green box and look for an inside bar or a pinbar for entry.
Trade active
Note
A wonderful Asia Session for GJ.. Remember to take partial profit when it reached 1:2 RR. I've already took mine, did you?Trade active
Hit my other Sell Limits at 143.38 area, holding it until 1:2 for partial profit taking.Trade active
Added position have reached 1:2 , taken partial profit. leaving the rest to run. NOW WE HAVE 0 RISK TRADE on the go~Trade closed: stop reached
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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.