Art_On_Charts

GBPJPY BUY LIMIT 152.281

Long
FX:GBPJPY   British Pound / Japanese Yen
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2
- GBPJPY BUY LIMIT 152.281
- STOP LOSS 152.141
- TARGET 152.841 - 153.

GBPJPY currently in a range, had previous buys in this area, however due to a stop loss hunt, I was stopped out.

I have now placed a buy limit order at the bottom of the range / wick where stops were hunted, as I believe it will test this zone again.
- Trading alongside monthly & weekly bullish momentum, higher probability trade.
- Price has 11 rejections on 15 minute timeframe, at this zone where my buy limit is placed.
- Lots of buying volume at the bottom of this range.

Lets wait and see, risk management has been applied, with a tight stop loss of 15 pips.
Comment: Stop loss 151.946.
Incase another stop hunt occurs below previous structural low.
Trade closed: target reached

Comments

Take Profit Smashed.
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