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British Pound / Japanese Yen
Long
Updated

GBPJPY - Swing to Buy - Capturing the low on JPY Weak

137
This swing takes into account Liquidity points on all timeframes.

  • We are bullish on Monthly, Weekly.
  • JPY is weak - showing a reversal to the downside.
  • Weak JPY = Buy scenarios on XXXJPY pairs.
  • We have a bullish reversal in the form of a gap down and engulfing Daily candle which closes higher.


Looking to take more entries and scale in as we head to the expected highs - to maximise the setup.



Trade active
snapshot
Note
Watch for volatility on NFP news - in case we get another entry at a lower price.
Trade closed: stop reached
The_Peaceful_Trader
Candlestick AnalysisFractalGBPJPYgbpjpyanalysisgbpjpyforecastgbpjpylonggbpjpypredictionSupply and Demand

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.
Candlestick AnalysisFractalGBPJPYgbpjpyanalysisgbpjpyforecastgbpjpylonggbpjpypredictionSupply and Demand
The_Peaceful_Trader

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.