I took this beautiful setup buy trade on GBP/JPY yesterday and I am very happy to see how it played out. The trend was showing HH & HL. The trend line was perfectly respected with multiple wick rejections indicating that the overall sentiment was for a buy. All in all it played out well. #consistency.
This was a beautiful trade on GBP/JPY. We looked for the directional bias on the 4H TF. Marked the high, low and mid range. We then dropped down to the 1H TF to look for our structure. Once our confirmations were met to include HH & HL in the direction of our bias, Break & retest, Pattern confirmation which for me is triple bottom. I took the trade after the next...
