Short

GBPJPY is getting ready to go down

Updated

We can see GBPJPY that there is resistance at the previous resistance, for entry, you can go straight now, or wait until the h4 candle is finished, if the candle forms a long shadow or indicates a strong resistance such as (shooting star candle) then u can entry when the candle it is over, or when a new candle is about to start

SL : 153.18 (80 Pips)
TP 1: 150.58 (+2.2)
TP 2: 148.52 (+4.8)

Trade active

re-enter with a very small lot, sl 80 pips when the price breaks the white trendline,
TP is still same, Risk reward 3 and 5.

We'll wait until NFP, the extreme spike when NFP is usually the price determinant. as we can see on the GBPJPY chart, the price is in the rissing wedge if NFP causes the price to break the rissing wedge it can go up or down then it can be our tool to determine whether the trend will continue to rise, or reverse direction.

Note

TP 1

Note

Profit Earned in March
First week: ()
second week: ()
Third week: (-3.3)
fourth week: (+9)
Fifth week: (+3.7)
Total : (+9.4)

Note

sorry I wrote it wrong

Profit Earned in March
First week: ()
second week: ()
Third week: (-3.3)
fourth week: (+4.05)
Fifth week: (+9.65)
Total : (+9.4)

Rich_From_Home

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