British Pound / Japanese YenUpdated [In depth Analysis] GBPJPY strategy.
3 scenarios.
1. Cotinue bullish momentum and break thru 191.32
2. Pick up liquidity @ 188.6 & Continue bullish momentum and break thru 191.32
3. Break thru 188 for a continued downward push to 185-187 area.
No confirmation no trade.
Only scalping, intraday available. (Still tradable. But youll have to sacrifice stress + win rate)
Daily, Weekly Structure Confirmation is what it takes to get 70% + win rate
1. Cotinue bullish momentum and break thru 191.32
2. Pick up liquidity @ 188.6 & Continue bullish momentum and break thru 191.32
3. Break thru 188 for a continued downward push to 185-187 area.
No confirmation no trade.
Only scalping, intraday available. (Still tradable. But youll have to sacrifice stress + win rate)
Daily, Weekly Structure Confirmation is what it takes to get 70% + win rate
Note
Scenario 2 in play
Note
Traded Scenario 2 successfully Trade closed: target reached
Note
Scenario 3 might be possible.Waiting for more confirmation
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.