GBPJPY - Look for Reversal Short (SWING) 1:4!

27. Aug.

Price made a significant breakout in the HTF, retesting the Monthly support with a strong rebound towards the breakout zone. In the LTF, the failure to create a new high indicates that the price was only making a major correction before continuing downward.

This setup is considered a long swing trade with a 1:4 R ratio, supported by the weak USD due to the interest rate cut, which strengthens the Yen fundamentally.

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!

6. Sept.

Trade ist aktiv

500pips from 193.502, within the Supply Zone (Black Box).

Going to the Demand Zone 184.729, before that i will close half at 187.118

Let's hope for the best!

8. Sept.

Trade ist aktiv

Closed at 187.119 as anticipated. Now, let's watch for another opportunity to buy as the price continues down toward the Demand Zone at 182.942. If the price breaks through that zone, we could see it drop to the next significant support level at 179.547.

Let's see just how far this bearish momentum can carry the market. Stay cautious and plan accordingly!

8. Sept.

Anmerkung

"SELL" NOT BUY (TYPO)

9. Sept.

Trade ist aktiv

Possible scenarios before continuing bearish to the downside. If it does not, strong buyers are in and will bull to the nearest Supply Zone.

11. Sept.

Trade geschlossen: Ziel wurde erreicht

834pips in 8 days. This is called a SOLID SWING SETUP :)

11. Sept.

Anmerkung

Still going to the south. Let's see if it reaches 182.942 :)