ปอนด์อังกฤษ / เยนญี่ปุ่นเพิ่มขึ้น
Called this trade out in my tele only
Thesis:
The trade was based on bullish price action as GJ traded into a significant 1-hour bullish order block (OB) around the 195.665 level. Price action created equal lows, signaling liquidity buildup, and formed a fair value gap (FVG) within the retracement to the 0.62 Fibonacci level, providing a high-probability setup for longs.
Key Steps in Analysis:
Retested the 1-hour bullish OB at 195.665.
Observed a bullish CHOCH (Change of Character) on the 5M/15M chart, confirmed by a body candle close above.
Retested the bullish CHOCH level, providing an optimal entry to capitalize on buys toward the 196.800 target level.
Entry:
Entered long within the FVG region, aligning with the 0.62 Fibonacci retracement level and the bullish CHOCH retest.
Take Profits (TP):
TP1: Set at the 0% Fib level.
TP2: Positioned at the -50% Fib level for extended targets.
Stop Loss (SL):
Placed below the recent displacement low to ensure proper risk management and invalidate the trade if the structure failed.
Outcome:
The trade executed as planned. Price respected the bullish structure, completed the move toward 196.800, and achieved both TP1 and TP2. This validates the robust thesis and disciplined execution.
The trade was based on bullish price action as GJ traded into a significant 1-hour bullish order block (OB) around the 195.665 level. Price action created equal lows, signaling liquidity buildup, and formed a fair value gap (FVG) within the retracement to the 0.62 Fibonacci level, providing a high-probability setup for longs.
Key Steps in Analysis:
Retested the 1-hour bullish OB at 195.665.
Observed a bullish CHOCH (Change of Character) on the 5M/15M chart, confirmed by a body candle close above.
Retested the bullish CHOCH level, providing an optimal entry to capitalize on buys toward the 196.800 target level.
Entry:
Entered long within the FVG region, aligning with the 0.62 Fibonacci retracement level and the bullish CHOCH retest.
Take Profits (TP):
TP1: Set at the 0% Fib level.
TP2: Positioned at the -50% Fib level for extended targets.
Stop Loss (SL):
Placed below the recent displacement low to ensure proper risk management and invalidate the trade if the structure failed.
Outcome:
The trade executed as planned. Price respected the bullish structure, completed the move toward 196.800, and achieved both TP1 and TP2. This validates the robust thesis and disciplined execution.
บันทึก
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