GBPCAD took the asian range lows just now and im expecting it to be bullish for the London session. I like this pair because of how it moves and what it's done so far if it takes out the NY lows then it should reverse and take out the NY highs where we should take partials.
What are the objections people usually make?
We share some of them...
A - The technical analysis doesn't provide any kind of reference.
B - Patterns give us the reference at which moment to enter.
A - When you enter the breakouts, you have the same odds as when you flip the coin with heads and tails.
B - It's true, but when we lose we lose by -1, while...
08.01.2020 GBPJPY London Daybreak Idea
Only for educational purposes, because the 8 AM (1H) candle is over 40 pips.
We don't go in the trade when the candle is bigger than 35 pips.
GBPJPY Buy Stop @ 142.944
TP1: 143.244 (30 pips)
GBPJPY Sell Stop @ 142.380
TP1: 142.080 (30 pips)
Risk management (3%)