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GBP/JPY Buy Setup (1 Viewer)

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 GBP/JPY Buy Setup (1 Viewer)

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skynoxon

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Timeframe:
Primary: M15
Entry Confirmation: M1
Higher-Timeframe Bias: H1

Trade Direction: Buy

Entry Zone: 190.20 – 190.40
Optimal Entry: 190.30

Stop Loss: 189.75
Stop Loss Distance: 55 pips

Take Profit Levels:
TP1: 190.80 → 50 pips
TP2: 191.40 → 110 pips
TP3: 192.00 → 170 pips

Risk to Reward:
TP1: 1:0.9
TP2: 1:2
TP3: 1:3.1

Market Session:
London–New York overlap for strong bullish momentum

Buy Confirmation (M1 / M15):

  • Bullish engulfing or strong bullish close at entry zone
  • Higher lows forming on M15
  • Price holding above key support and moving averages (20 EMA / 50 EMA)
Trade Management:

  • Close partial position at TP1
  • Move Stop Loss to breakeven after TP1
  • Trail Stop Loss below higher lows to lock profit
Invalidation:

  • M15 close below 189.90 cancels the setup
Trade Type:

  • Intraday on M15
  • Short swing continuation if H1 remains bullish

 

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