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)