GBPJPY buy set up
Basing the trade around previous rejections at the key level identified. Valid order blocks on multiple time frames, strong rejections. Currently bearish from order block which is the take profit for the buy zone. RR 2.5 based on first TP RR3.6 if reaches full TP. Patiently waiting to see if the set up plays out, initial analysis completed yesterday and the bearish move is playing out to plan.
Trade active
Rejected perfectly from the buy zone now unning risk freeTrade closed: target reached
Full TP
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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.