GBPJPY - Trend-Following Buy Setup!
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.
đź“š 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.
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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