OPPORTUNITY FOR SELL GBPJPY
Updated
We have these indicators for SELL opportunity:
- Reflection from the trend line (Has been created since 2020)
- Low volume to continue the current direction
- Resistance from last peak (2015)
- Return/re-test to 1 Month high area (min. for TP1)
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
- Reflection from the trend line (Has been created since 2020)
- Low volume to continue the current direction
- Resistance from last peak (2015)
- Return/re-test to 1 Month high area (min. for TP1)
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
Trade closed manually
According to our practice if a S/L was reached: we didn't close the first trade, but immediately entered the second trade in the same volume and type as the first trade (198.176). We were waiting until the first trade with the second trade had the sum of 0 USD (i.e. in 50% of S/L). In this case, we closed both trades with zero loss & profit (196.176).
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