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GBPJPY - Look for Continuation Long (Scalping) 1:3!

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GBPJPY has created a new low on the HTF, indicating a potential opportunity to enter during a correction or pullback. Ensure multiple confirmations and confluences before placing a position. Avoid greed with this setup, as a bearish continuation is possible on the HTF, with the SL set at the nearest HL.

If the market is favorable, we may see the price bounce to the nearest demand zone before continuing the correction to the nearest R. Don’t chase the market. Remember, FOMO is a disease!

Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!

交易开始

1st Round = 77pips

Price came back to the demand zone, re-entry without hesitation. :)

注释

2nd Round = 40pips

交易开始

Price made a new L, LH. An opportunity to sell-off.

交易开始

TP reached - 77pips!

交易开始

Another potential sell, ride the trend (train) :)

注释

交易开始

320pips and still running as per setup.

交易结束：到达目标

500+ pips as forecasted. Perfect!

注释

交易开始

RBS in HTF, with an order block as a confluence. Let's see how the market reacts.

I would advise against taking this trade as the volume is decreasing towards the end of the week, with most retailers having already bought or sold their positions for profit-taking. Nevertheless, I am confident in my analysis.

交易手动结束

The trade didn't go well as it broke the RBS Monthly HTF and continued to go down. Let's close this trade, take the losses, and wait for the next opportunity!