📈 GBPJPY Long Trade Setup - Confirmation at FVG Orderblock SMC
🔍 Technical Analysis:
GBPJPY signals a potential long opportunity with confirmation at the FVG Orderblock SMC zone. Historical analysis indicates this area has acted as strong support in the past. Confirmation entails observing clear signals on smaller timeframes (1, 3, or 5 minutes) within the order block zone. 📊 Trade Plan:
Entry Point: Consider initiating a long position upon clear confirmation within the FVG Orderblock SMC zone on smaller timeframes. Stop Loss: Place below recent swing low to manage risk effectively. Take Profit: Targeting potential resistance levels or previous highs. 🚨 Risk Management:
Implement appropriate risk management strategies to safeguard capital. Stay informed about economic events affecting GBP and JPY. 📈 Disclaimer: This is not financial advice. Trade responsibly and conduct thorough analysis.
👉 Note: Monitor price action closely for timely adjustments.