GBPJPY - 5 Reasons For A Daytrade Sell!
Sell #GBPJPY Plan
First Entry was at 153.85
Second Entry is pending order at 154.08
Stop is at 154.43
Target is at 153.33
I have 5 reasons to sell GBPJPY for a daytrade.
1. Currency Strength Meter JPY is strong GBP is Weak
2. Trendline Support
3. Support Zone Intraday
4. Market Profile from yesterday
5. Bearish 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 153.85
Second Entry is pending order at 154.08
Stop is at 154.43
Target is at 153.33
I have 5 reasons to sell GBPJPY for a daytrade.
1. Currency Strength Meter JPY is strong GBP is Weak
2. Trendline Support
3. Support Zone Intraday
4. Market Profile from yesterday
5. Bearish 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: target reached