POTENTIAL LONG TRADE SET UP FOR GBPJPY

Analysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.


Entry: The price has reached the lower boundary of a higher time frame (HTF) bullish continuation structure, approaching this zone with a descending channel on the mid time frame (MTF) and a bullish expanding wedge (reversal pattern) on the lower time frame (LTF). On the LTF, a bullish impulse has formed, and we will monitor for a continuation pattern to identify a potential entry point for the trade.

Expectation: An upward move is anticipated, targeting the upper boundary of the HTF bullish continuation structure.

⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!