Bias: Bullish
I’m expecting further upside continuation on GBP/JPY based on a confluence of smart money principles and higher timeframe structure.
🧠 Reason for Buying:
🔹 HTF Bullish Structure:
Price remains in a clear bullish trend across the Weekly, Daily and 4H timeframes, consistently forming higher highs and higher lows. This trade aligns with that higher timeframe narrative.
🔹 Liquidity Sweep
🔹 CISD
🔹 Rejection from a FVG
🎯 Trade Details:
Entry: 197.540
Stop Loss: 197.199 (invalidation point)
Take Profit: 198.813
🎯 Why I’m Targeting 198.813:
This level aligns with:
🔸 Untapped Buy-Side Liquidity: Clean highs from previous price action likely hold resting buy orders (liquidity pool).
🔸 Round Number Magnet: 198.800 is a psychological level that can act as a price magnet, especially when aligned with technical confluence.
⚖️ Risk to Reward: 3.7R+
A high-probability trade with favorable reward relative to risk. Trade management will be key — partials can be taken as price approaches interim highs.
I’m expecting further upside continuation on GBP/JPY based on a confluence of smart money principles and higher timeframe structure.
🧠 Reason for Buying:
🔹 HTF Bullish Structure:
Price remains in a clear bullish trend across the Weekly, Daily and 4H timeframes, consistently forming higher highs and higher lows. This trade aligns with that higher timeframe narrative.
🔹 Liquidity Sweep
🔹 CISD
🔹 Rejection from a FVG
🎯 Trade Details:
Entry: 197.540
Stop Loss: 197.199 (invalidation point)
Take Profit: 198.813
🎯 Why I’m Targeting 198.813:
This level aligns with:
🔸 Untapped Buy-Side Liquidity: Clean highs from previous price action likely hold resting buy orders (liquidity pool).
🔸 Round Number Magnet: 198.800 is a psychological level that can act as a price magnet, especially when aligned with technical confluence.
⚖️ Risk to Reward: 3.7R+
A high-probability trade with favorable reward relative to risk. Trade management will be key — partials can be taken as price approaches interim highs.
Order cancelled
Price deliver to my target without tagging my entry limit, NO FOMO we wait for another one
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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.