Hey traders! Today, I’m excited to share an interesting trading opportunity I spotted on the GBP/JPY pair in the 30-minute timeframe. The price is currently respecting the 50% Fibonacci retracement level at 190.752, which is aligning as a strong support zone.
Additionally, the RSI is sitting at 43.80, suggesting there’s still room for an upward move before hitting overbought levels. On top of that, the ascending trendline is holding steady, giving further confluence for a potential bullish setup.
Here’s my plan:
- Stop Loss: Below 189.729, which is a key support zone in case the price breaks lower.
- Take Profit: First target at 191.385, with a potential extension to 192.419 if momentum continues.
The key here is to wait for confirmation! Ideally, we’ll see increased volume or a strong bullish candle to validate the entry. Remember, proper risk management is essential.
What do you think of this setup? Drop your thoughts in the comments, and don’t forget to like and subscribe for more trading insights! See you in the next idea!"
Disclaimer: This Idea is for educational and informational purposes only and does not constitute financial advice. Trading in financial markets carries significant risks, and it is important to conduct your own analysis before making any investment decisions. I am not responsible for any losses incurred from your trades. Always trade with proper risk management.
Additionally, the RSI is sitting at 43.80, suggesting there’s still room for an upward move before hitting overbought levels. On top of that, the ascending trendline is holding steady, giving further confluence for a potential bullish setup.
Here’s my plan:
- Stop Loss: Below 189.729, which is a key support zone in case the price breaks lower.
- Take Profit: First target at 191.385, with a potential extension to 192.419 if momentum continues.
The key here is to wait for confirmation! Ideally, we’ll see increased volume or a strong bullish candle to validate the entry. Remember, proper risk management is essential.
What do you think of this setup? Drop your thoughts in the comments, and don’t forget to like and subscribe for more trading insights! See you in the next idea!"
Disclaimer: This Idea is for educational and informational purposes only and does not constitute financial advice. Trading in financial markets carries significant risks, and it is important to conduct your own analysis before making any investment decisions. I am not responsible for any losses incurred from your trades. Always trade with proper risk management.
Đóng lệnh: đạt mục tiêu
Yes !, goal achieved 😎
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
🔥 Top indicators I personally use 👇
tinyurl.com/36vkfjm9
tinyurl.com/36vkfjm9
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.