CHCH = Change of Character
SWP = Sweep of the previous low
ORB = Order block.(point of entry)
PRL = Protected low.(I expect price to not take out this low)
My entry is placed on the (189.493), So I'm expecting price to come back and hit the ORB before going for a buy. And my stop loss (189.294) is placed a little below the PRL, Which is 20 pip from my entry point.
On the weekly TF, GBPJPY is clearly bullish. scaling down to the 4hr TF, there is a reversal/pullback from 208.000 psychology level to 180.000 psychology level. scaling down to the 1hr TF, I can see price reversing upwards after touching the 180.000 psychology level. after price broke through our 190.000 psychology level, creating a clear FVG which price will...
GBPJPY is currently 0n an up trend. looking from the 1hr timeframe, price is heading down to our trend line. after kissing the line it's going to spike back up massively so either you set a buy limit or you wait or price to come down to our trend line. kiss it, before we go long.
