faithintrade

GBPJPY PRICE TRAP 1HR tf

faithintrade Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
GBPJPY Price Trap - (BUY/SELL)

BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 149.061
TP1: 149.315 (25 pips)
TP2: 149.679 (61 pips)
TP3: 150.023 (94 pips)
TP4: 150.368 (130 pips)
SL: 148.693 (37 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits

SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 147.428
TP1: 147.226 (20 pips)
TP2: 146.941 (48 pips)
TP3: 146.538 (89 pips)
SL: 147.804 (38 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits

THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
Trade closed: stop reached

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.