The chart represents a trade setup for GBP/JPY on the 1-hour timeframe. Here's a breakdown:
Key Zones and Levels:
Entry Zone:
Highlighted between approximately 195.653 and 196.200
This is where the trader expects price to reverse and start moving downward.
Stop Loss (SL):
Set at 196.896
If price moves above this level, the trade idea is invalidated.
Target 1:
Set at 193.634
A partial take-profit level where the trader might secure some gains.
Final Target:
Set at 191.542 – 191.569
This is the ultimate take-profit level if the trade goes as planned.
Expected Price Action :
Price is expected to enter the Entry Zone, then reverse downward.
It may consolidate or make a pullback, then continue dropping.
The move is expected to reach Target 1, followed by the Final Target.
Key Zones and Levels:
Entry Zone:
Highlighted between approximately 195.653 and 196.200
This is where the trader expects price to reverse and start moving downward.
Stop Loss (SL):
Set at 196.896
If price moves above this level, the trade idea is invalidated.
Target 1:
Set at 193.634
A partial take-profit level where the trader might secure some gains.
Final Target:
Set at 191.542 – 191.569
This is the ultimate take-profit level if the trade goes as planned.
Expected Price Action :
Price is expected to enter the Entry Zone, then reverse downward.
It may consolidate or make a pullback, then continue dropping.
The move is expected to reach Target 1, followed by the Final Target.
Trade active
trade active and also 180+ pips running from the highest entry. now set the breakeven. and hold till the final target.
Trade closed: target reached
Close Target Reached.Note
Trade Close.
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Related publications
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.
Fed up with random trades and no progress? I drop real setups that make sense — not hype. If you're serious about growing, hop into the Telegram group and let’s build something real.
t.me/+galBMpR4FpNiOGI8
t.me/+galBMpR4FpNiOGI8
Related publications
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.