- 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 momentum, higher probability trade.
- Price has 11 rejections on 15 minute timeframe, at this zone where my buy limit is placed.
- Lots of buying at the bottom of this range.
Lets wait and see, risk management has been applied, with a tight stop loss of 15 pips.
Incase another stop hunt occurs below previous structural low.