Currently eyeing a potential long position on GBP/JPY. Price has reacted strongly to a clear demand zone around the 198.200 – 198.500 level, where liquidity was also swept. Following this, we’ve seen a bullish engulfing candle indicating renewed buying pressure.
🎯 Entry: 198.500
📍 Stop Loss: Just below the demand zone (~198.200)
🚀 Target: 200.200
🧮 Risk-to-Reward Ratio: 1:3+
This setup follows a pattern of higher lows and combines order block structure with a liquidity grab, supporting the bullish idea.
What do you think of this setup? 📊
Drop your thoughts or analysis below! 💬
🎯 Entry: 198.500
📍 Stop Loss: Just below the demand zone (~198.200)
🚀 Target: 200.200
🧮 Risk-to-Reward Ratio: 1:3+
This setup follows a pattern of higher lows and combines order block structure with a liquidity grab, supporting the bullish idea.
What do you think of this setup? 📊
Drop your thoughts or analysis below! 💬
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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.
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.