Libra Esterlina/Iene JaponêsViés de baixa
Sells on GBPJPY on 20 Nov
On Tuesday, we hit TP, but the price retraced back up during the NY session. Here’s how we approached the setup:
Key Steps:
Pre-London Setup:
The first candle closed above the marked zone.
Analyzing 4H Rejection:
A massive rejection wick on the 4H candle indicated this could be the top, suggesting a possible retracement.
Fakeout Anticipation:
The next candle closed below the zone, which we anticipated could be a fakeout.
Weak Confirmation Post-London Open:
Another candle closed above, but it lacked strong confirmation. By this time, London Open had already passed.
Waiting for Clear Direction:
We remained patient, and the next candle closed below the zone again, solidifying the bearish bias.
Entry Execution:
Placed sell stops at the break of the current low on the 30-minute candle after confirmation of bearish price action.
Stop-loss (SL) was initially set at the previous high but adjusted to allow room for price movement.
Confirmation and Results:
Continued monitoring showed candles consistently closing below the zone, confirming the bearish trend.
Woke up to a 106-pip profit—a solid trade executed with patience and discipline!
Key Steps:
Pre-London Setup:
The first candle closed above the marked zone.
Analyzing 4H Rejection:
A massive rejection wick on the 4H candle indicated this could be the top, suggesting a possible retracement.
Fakeout Anticipation:
The next candle closed below the zone, which we anticipated could be a fakeout.
Weak Confirmation Post-London Open:
Another candle closed above, but it lacked strong confirmation. By this time, London Open had already passed.
Waiting for Clear Direction:
We remained patient, and the next candle closed below the zone again, solidifying the bearish bias.
Entry Execution:
Placed sell stops at the break of the current low on the 30-minute candle after confirmation of bearish price action.
Stop-loss (SL) was initially set at the previous high but adjusted to allow room for price movement.
Confirmation and Results:
Continued monitoring showed candles consistently closing below the zone, confirming the bearish trend.
Woke up to a 106-pip profit—a solid trade executed with patience and discipline!
Aviso legal
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