📈 GBPJPY 4H – A+ Setup Using TCB Strategy 🔥
Bullish continuation setup unfolding with precision.
✅ Trend Phase:
Higher highs and higher lows confirm uptrend
Price bounced from ascending trendline and demand zone
EP1 already triggered on bullish rejection from key support
✅ Countertrend Phase:
Falling wedge (countertrend channel) broken to the upside
Early confirmation for continuation from breakout
✅ Breakout Phase (Pending):
Clean structure at 199.00 acting as resistance
EP2 will be activated after bullish breakout + successful retest of 199.00
Targeting major resistance around 202.000
📍 SL below demand (~197.70)
🎯 TP: 202.000
⚖️ RRR: ~1:3
🧠 Confluences:
Bullish trendline support
Demand zone reaction
Falling wedge breakout
Upcoming key level breakout (199.00)
Price action confirmation
📌 Watch closely for the breakout-retest of 199.00 before engaging EP2.
Manage risk, move SL to breakeven at 1:1.
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#GBPJPY #ForexSetup #TCBStrategy #TechnicalAnalysis #BreakoutTrade #SwingTrading #SmartMoneyConcepts #FXSignals #TrendTrading #PriceAction #TCBFlow
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.