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)
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 1Note
Profit Earned in MarchFirst week: ()
second week: ()
Third week: (-3.3)
fourth week: (+9)
Fifth week: (+3.7)
Total : (+9.4)
Note
sorry I wrote it wrongProfit Earned in March
First week: ()
second week: ()
Third week: (-3.3)
fourth week: (+4.05)
Fifth week: (+9.65)
Total : (+9.4)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.