The chart outlines a strategic entry from a clearly identified support zone, where price action shows signs of a potential reversal to the upside.
Entry Zone: The trade is planned around the 193.446 level, where price is currently consolidating above the support. This is considered the optimal point to enter a long (buy) position after observing a bullish reaction.
Stop Loss: Positioned slightly below the support zone at 191.933, this stop loss placement ensures protection against a downside breakout, minimizing risk if the reversal fails.
Target Point 1: Around 194.203, this is the first take-profit level, often used to secure partial gains and reduce exposure.
Target Point 2: Near 195.009, this second target capitalizes on continued bullish momentum as the price progresses through resistance levels.
Target Point 3 (Final Target): Set at 195.509, this final take-profit level represents the full potential of the bullish move projected in the trade plan.
The trade is designed using price action and market structure analysis, showing a series of higher highs and higher lows in the forecasted move. This setup provides a favorable risk-to-reward ratio and is ideal for swing or short-term traders monitoring the GBP/JPY
Entry Zone: The trade is planned around the 193.446 level, where price is currently consolidating above the support. This is considered the optimal point to enter a long (buy) position after observing a bullish reaction.
Stop Loss: Positioned slightly below the support zone at 191.933, this stop loss placement ensures protection against a downside breakout, minimizing risk if the reversal fails.
Target Point 1: Around 194.203, this is the first take-profit level, often used to secure partial gains and reduce exposure.
Target Point 2: Near 195.009, this second target capitalizes on continued bullish momentum as the price progresses through resistance levels.
Target Point 3 (Final Target): Set at 195.509, this final take-profit level represents the full potential of the bullish move projected in the trade plan.
The trade is designed using price action and market structure analysis, showing a series of higher highs and higher lows in the forecasted move. This setup provides a favorable risk-to-reward ratio and is ideal for swing or short-term traders monitoring the GBP/JPY
Trade closed: target reached
GBP/JPY entryzone : 193.446
target point 195.500 All Target Succesfully Reached 210 Pips Secured
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.