Paun British / Yen JepunPanjang
GBPJPY Long Idea
I want to see price take out yesterdays lows; to collect liquidity (black shaded box)
Correlating with market structure I want to see price reject the 15 minute order block (greenish box) and push into the FVG (target1).
I see this happening due to the amount of bullish price action within the last day. I believe that this market is trying to entice sell trades, even though market structure hasn't been broken. Thus the long trade being the better move in my opinion.
The risk to reward for this trade is minimum 1:3, however if I see a quick move I will be holding the trade further (on the chart its a 1:4)
I only risk 1% maximum per trade.
Please comment below your thoughts and ideas.
Correlating with market structure I want to see price reject the 15 minute order block (greenish box) and push into the FVG (target1).
I see this happening due to the amount of bullish price action within the last day. I believe that this market is trying to entice sell trades, even though market structure hasn't been broken. Thus the long trade being the better move in my opinion.
The risk to reward for this trade is minimum 1:3, however if I see a quick move I will be holding the trade further (on the chart its a 1:4)
I only risk 1% maximum per trade.
Please comment below your thoughts and ideas.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.