Simple Strategy with Good R&R (Works bullish or bearish)

FX:GBPJPY   British Pound / Japanese Yen

1. identify the trend; whether up (bullish) or down (bearish).

2. Identify an impulse move to the up or down side.

3. Watch for a correction from the impulse, then wait for a retest and or bounce of the 800-day ema.

4. Wait for a bullish order block (OB) that closes above the 800-day ema. Then enter on the retest of the 800-day ema and go long or short accordingly.

5. stop loss below the corrections lowest low and take profit at the impulses highest high.

This works on all types of assets from SPY to EURUSD to BTCUSDT and even ES1! .


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.