Hello dear Fellow!
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π·GBP/ JPY Setup / Analysis
π 4hr's Chart
The reasoning for this setup
ββββββββββ
- ( Take Profit point's ) -
π΅ Take Profit 1 ( 184.000 )
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π΅ Take Profit 2 ( 184.685 )
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π΅ Take Profit 3 ( 185.700 )
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π΅ Last Take Profit 4 ( 187.000 )
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Reasoning πποΈ
ββββββββββ
- Golden Fib Zone - The Fibonacci zone at 0.5 area is a major reversal area for traders.
- Turn level / D - price has Turned at this area before on the 4h chart
- Volume Range Lvn - Low Volume Node
- Volume Pattern Break Out
- Fixed Range hvn- High Volume Node