09/08/2020 GBPJPY - WEEKLY PLAY TF H4 LONG

Welcome,

Below you will find our trading notes:

Monthly view - BEARISH
Weekly view - BULLISH
Daily view - BULLISH

Previous week LOW - 137.75
Previous week HIGH - 139.25
Previous week profile - CONSOLIDATION

News this week:

12/08 TUE - 8.00
13/08 WED - 8.00

Where to focus:

LONG SIDE SETUPS ONLY
LIQUIDITY BELOW : 137.75
SUPPORT STRUCTURE : 136.88 -> 137.35
SUPPORT LOWER STRUCTURE : 135.75 -> 136.65
LIQUIDITY ABOVE : 139.25; 139.75
RESISTANCE STRUCTURE : 140.75 -> 141.20

Weekly scenario:

We expect pullback to one of our defined support structures, where we'll look for entries long.
If first support structure is broken, then we focus on entries on the lower support structure.
If second support structure is broken, we will move to side lines.
If we'll see push from our long side zones, then first TP is 139.75 but over all target is 140.50 -> 141.00

Protection strategy:
SL up to 20 pips below support structure is even more then we need, ideal 10 pip below structure



REMEMBER!

NEVER BE GREEDY AND DON"T FALL INTO EMOTIONS :)

If that was helpful please like and share :)

HAVE AN AMAZING DAY!

ENJOY