HassanShams

HassanShams

So, after reviewing my first trade idea with GBPJPY, I did put a Buy Stop order, that is not executed. The last HH seems to be the top and now we are in a declining phase. Therefore, I have opened a sell stop order at the last HL level. Let's see where it goes.

HassanShams

I will go short if it dives below LL with a Stop Loss at LH.

HassanShams Updated 

This chart is based on Basic Dow Theory of HH HL. Where I will enter if the last HH will be crossed.

HassanShams

Currently seems to be ranging but two possibilities are there. I will go long if it breaks HH, and will go short if it dives below HL.