GBPJPY - 5 Reasons For A Daytrade Buy!
Updated
Buy #GBPJPY Plan
First Entry was at 154.30
Second Entry is pending order at 154.07
Stop is at 153.56
Target is at 155.17
I have 5 reasons to buy GBPJPY for a daytrade.
1. Currency Strength Meter GBP is strong JPY is Week
2. Trendline Support
3. Support Zone Intraday
4. Market Profile from yesterday
5. Bullish Divergence Signal
The Rules:
If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target
Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.
like and comment to receive more analysis , thank you for your support.
The trading strategy is fully explained in video below
First Entry was at 154.30
Second Entry is pending order at 154.07
Stop is at 153.56
Target is at 155.17
I have 5 reasons to buy GBPJPY for a daytrade.
1. Currency Strength Meter GBP is strong JPY is Week
2. Trendline Support
3. Support Zone Intraday
4. Market Profile from yesterday
5. Bullish Divergence Signal
The Rules:
If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target
Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.
like and comment to receive more analysis , thank you for your support.
The trading strategy is fully explained in video below
Trade closed manually
All trades were closed at breakeven according to strategy explained above.
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.