GBPJPY SHORT
Why are we entering?
- Expecting JPY strength & GBP weakness
- We are waiting for rejection from our structure level and trendline
What is our confirmation?
- Break of RISK trendline and WFB
- Rejection from structure and trendline
Entry
- Safe Entry: Break of RISK trendline & Rejection from structure and trendline
- RISK Entry: Rejection from structure and trendline
- RISK Entry 2: Early break of RISK trendline
Once entered, where will our Stoploss be?
- Above structure & trendline (161.7) 30 pips
- Move SL to BE after running 30 pips
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP previous low :155.9 (530pips)
- Final TP: If structure breaks, 152.4 (890pips)
Why are we entering?
- Expecting JPY strength & GBP weakness
- We are waiting for rejection from our structure level and trendline
What is our confirmation?
- Break of RISK trendline and WFB
- Rejection from structure and trendline
Entry
- Safe Entry: Break of RISK trendline & Rejection from structure and trendline
- RISK Entry: Rejection from structure and trendline
- RISK Entry 2: Early break of RISK trendline
Once entered, where will our Stoploss be?
- Above structure & trendline (161.7) 30 pips
- Move SL to BE after running 30 pips
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP previous low :155.9 (530pips)
- Final TP: If structure breaks, 152.4 (890pips)
Want more chart ups like this? Click the links below:
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: www.instagram.com/mmfx__j/
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: www.instagram.com/mmfx__j/