GBPJPY Possible Long swing/Short swing
at the moment i am waiting for a entry to long gbpjpy to 169.288 (.236 lvl) and that will be my first tp
my entry i would need the hourly to close above 168.113 then i think it can run back up to 169.288 if a 15 - 30 min candle does not close above then i will short but reall i want it to break over and run all the way up to 169.895 - 170.037 as my short entry the rest for that is its my 10% zone (rejection zone) and it'll form a head and shoulders so its the safest entry and the r/r is alot better and my tp will be 168.113 short
Long entry : Hourly close and stays above 168.113
TP 1: 169.288
TP2 : 169.895 - 170.037
Short entry:
Entry 1: 169.288
TP 1: 168.113
Tp 2: 163.390 (swing)
Entry 2 : 170.037 - 169.895
TP 1: 169.288
TP 2: 168.113
TP 3: 163.390 (swing)
my entry i would need the hourly to close above 168.113 then i think it can run back up to 169.288 if a 15 - 30 min candle does not close above then i will short but reall i want it to break over and run all the way up to 169.895 - 170.037 as my short entry the rest for that is its my 10% zone (rejection zone) and it'll form a head and shoulders so its the safest entry and the r/r is alot better and my tp will be 168.113 short
Long entry : Hourly close and stays above 168.113
TP 1: 169.288
TP2 : 169.895 - 170.037
Short entry:
Entry 1: 169.288
TP 1: 168.113
Tp 2: 163.390 (swing)
Entry 2 : 170.037 - 169.895
TP 1: 169.288
TP 2: 168.113
TP 3: 163.390 (swing)
Note
no entry yet lets wait for a retest of 167.961 first
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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.