GBPJPY
Updated
- Previous Day candle closed bullish. If we are looking for buys we will take on until daily resistance formed on 1st Jul 04 and TP 2 on 21st march 08
- If we are looking for sells we take on until 3rd Feb 05 and TP 2 on 25th Oct 04 daily resistance.
- Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for the day.
- We risk 5-8% of our capital. Close trades manually once price reverses to opposite direction and 1 hour candle closes below/above order Block.
- After hitting TP 1 or any TP {dont not re-enter new trade} , for TP 2 always use B.E .
- If we are looking for sells we take on until 3rd Feb 05 and TP 2 on 25th Oct 04 daily resistance.
- Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for the day.
- We risk 5-8% of our capital. Close trades manually once price reverses to opposite direction and 1 hour candle closes below/above order Block.
- After hitting TP 1 or any TP {dont not re-enter new trade} , for TP 2 always use B.E .
Note
Just keeping this for record Purposes - I Failed yesterdays analysis and i had to investigate my Mistake thoroughly.This should be correct analysis:
The result would have been:
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