After clearing internal liquidity and playing into the previous high GBPJPY has sharply rejected it forming a potential POI.
Depending on the 4hr close of this current candle I would like to take an entry(2 potential entry zones)
Technically we have already achieved a break of structure (green arrow) however as an added confirmation I would like the current 4hr candlestick to close near to or below (preferably below) the blue arrow.
This sell is apart of a longer term sell which I have linked as a related idea below.
I have shown two potential entries, one at the opening of the candle where I will scale in and one at the 50% where the majority of my position will be opened.
The 50% will provide a better r:r due to the shorter stop loss.
Trade any as you see fit.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
Depending on the 4hr close of this current candle I would like to take an entry(2 potential entry zones)
Technically we have already achieved a break of structure (green arrow) however as an added confirmation I would like the current 4hr candlestick to close near to or below (preferably below) the blue arrow.
This sell is apart of a longer term sell which I have linked as a related idea below.
I have shown two potential entries, one at the opening of the candle where I will scale in and one at the 50% where the majority of my position will be opened.
The 50% will provide a better r:r due to the shorter stop loss.
Trade any as you see fit.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
Trade active:
Deeper entry has been hit. Rejected it instantly and formed another 4hr orderblock. Looking to get in with a 25pip stop again rn
Comment:
Dropping🤑
