RenkoBuddy

GBP/JPY 4H STRATEGY JAN 17 FORECAST

Long
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY - LONG ORDER

New Year, New motives: Aiming for an emotionless trading year.
- Money Management
- Strategy Play
- Discipline
- Patience

GBPJPY: SETUP
- Waiting for MA20 to cross back above MA50 for long orders.
- MA20 to test for support again.

Rules: Long
1. MA20 above MA50
2. Price must cross MA20 from below
3. Test MA20 for support
4. Create bullish 4H candle after test of support

Entry: Enter Long on close of Bullish candle
SL: Set below Bullish 4H candle