buy zone for GBPJPY on Monday 19/01/2025
CHCH = Change of Character
SWP = Sweep of the previous low
ORB = Order block.(point of entry)
PRL = Protected low.(I expect price to not take out this low)
My entry is placed on the (189.493), So I'm expecting price to come back and hit the ORB before going for a buy. And my stop loss (189.294) is placed a little below the PRL, Which is 20 pip from my entry point.
SWP = Sweep of the previous low
ORB = Order block.(point of entry)
PRL = Protected low.(I expect price to not take out this low)
My entry is placed on the (189.493), So I'm expecting price to come back and hit the ORB before going for a buy. And my stop loss (189.294) is placed a little below the PRL, Which is 20 pip from my entry point.
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