GBPJPY Setup 18/2/21
Updated
SELL entry setup based on channel breakout after continuation.
SELL after breakout and 15M candle close underneath.
Watch for:
1- Currency cycling
2- Currency strength
3- Moving averages crossover on 30M and 1HR
4- MACD + Trend Meter change
5- Pivot points
6- Fibs
SELL after breakout and 15M candle close underneath.
Watch for:
1- Currency cycling
2- Currency strength
3- Moving averages crossover on 30M and 1HR
4- MACD + Trend Meter change
5- Pivot points
6- Fibs
Note
Update#1: TP1 hit securing 20+ pips.For me the trade is closed as I only tend to catch 15 to 20 pips.
For swing traders you can hold the trade and trail the SL following the structure.
+20 pips profit.
Duration (8 hours).
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