GBP/JPY H1 chart

📌 Trading Plan for GBP/JPY

📅 Date: March 21, 2025

⏳ Timeframe:

• H1 for Trend Confirmation
• M5 for Trade Execution
• M1 for Refinement at FVGs

🔹 Bias: Bullish (Following Daily Bias)

🔍 Market Structure Analysis (H1)

• Recent Trend: Bullish structure overall, but price is currently in a pullback.
• Key Support Zone: ~192.000 (Potential reaction zone for long setups).
• Resistance / Liquidity Target: ~194.500 - 195.000 (Potential exit target).
• Break in Market Structure (BOS): If price reclaims 192.800, continuation is expected.

🎯 Trade Execution Plan (M5 Entries at FVGs)

Entry Setup:

1. Wait for a bullish FVG or BPR to form on M5 (preferably near 192.000 - 192.200).

• Confirm with M1 Refinement:Look for bullish order blocks / FVGs on M1
• Displacement candle needed to confirm momentum shift.

1. Trigger Buy Limit / Market Order at the FVG zone.

🎯 Stop Loss & Take Profit

Stop Loss (SL):

📌 Place below the M1/MS1 Fair Value Gap (FVG) invalidation level, ideally:

• Below 191.800 if structure supports it.
• 20-30 pips below entry if using a standard risk setup.

Take Profit (TP):

📌 Partial Profit (TP1): 192.800 (H1 structure reclaim level)

📌 Final Target (TP2): 194.500 - 195.000 (H1 liquidity grab level)

⚡ Risk Management & Execution

✔ Risk per trade: 1-2% of account balance

✔ Confirm bullish displacement before entry

✔ Adjust stops to break-even after TP1 hit

📝 Summary

• Long Entry: 192.000 - 192.200 (M5 FVG confirmation).
• SL: 191.800 or below M1 FVG invalidation.
• TP1: 192.800 (secure partial profits).
• TP2: 194.500 - 195.000 (daily liquidity target).

🔥 Execute only if price reacts to key levels with ICT confirmation!

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