GBPJPY Scalp analysis.
Updated
GJ is currently on it's ATH since 2016.
If we push above the range, we might tap 162 easily.
30m - 1hr candle closure above or below our range is perfect setup for GJ to buy/sell for quick scalp.
GBP: Retail Sales m/m Medium impact news is expected later in the day.
Rules to follow when following the analysis.
Always wait for 30m to 1hr candle closure above or below the range for entry.
It is always better to calculate if the range is wide enough to take the trade or not (R:R).
Only risk 0.5% to 1% per trade and scale out when price goes in profit for 10pips+.
Consistent small gains > a home run.
If we push above the range, we might tap 162 easily.
30m - 1hr candle closure above or below our range is perfect setup for GJ to buy/sell for quick scalp.
GBP: Retail Sales m/m Medium impact news is expected later in the day.
Rules to follow when following the analysis.
Always wait for 30m to 1hr candle closure above or below the range for entry.
It is always better to calculate if the range is wide enough to take the trade or not (R:R).
Only risk 0.5% to 1% per trade and scale out when price goes in profit for 10pips+.
Consistent small gains > a home run.
Trade active
Buy stop at the support.TP1 @ 10pips achived. Closed partial.
ibb.co/BGMXGd8
Trade active
TP 2 achived closed partial.Note
Full TP hit to the T. +46 pips
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