Entered on the 5 minute structure, if I could show you I would. it was at 152.060. the main goal is 152.350 however knowing GBPJPY a strong push before London Open usually gets a retrace after London Open. Always take partials when trading, especially the GBPJPY pair, it is very volatile. take 10-20 pips profit then leave the rest to run. So take 90% of the move...
GJ is bullish on the 30 min, 1hr, 4hr, daily, weekly Monthly so my bias is buys. NOT LOOKING FOR SELLS TOO CHOPPY ( Marked in blue circle) . When there's consolidation while in a bullish trend usually the market creates a pullback and a break of this pullback back into the range will most likely cause a push back to retest highs and continue bullish. We can see...
I might start posting other ideas such as this besides my favourite pair that I only trade which is GBPJPY, we will see. ANYWAY! We break this range to the downside we should touch 1.17200. My bias is sells however we know the market it could break above. Either way trade what you see.
Following the market and trading what you see makes trading much easier. We can either buy or sell simple!!
Entry - 151.580
TP - 152.400
SL - 151.380
Entry - 150.820
TP - 150.300
SL - 151.000
when looking to the left there seemed to be mostly clean candles to the left however on the 30 min there is consolidation near TP zone. As candle started to reject I initially didn't understand until I looked at the lower time frame. This is when I closed my trade at 70% profit. we where 5 pips from profit but we still made profit so WE MOVE! Hope you guys also...
Any close either at 150.800 or 150.400 will be my entries. It's always good to have an unbiased opinion when there's indecision! Have put alerts on so people make sure you stay tuned, don't miss any moves !
trade moved bullish how I expected so I moved my SL to break even for a safe trade. However, during this trade I was wary when noticing a consolidation zone (red circle). When rejecting I closed 50% of my trade earning me 10 pip (151.850) leaving the other 50% to run. The second candle formed (marked on graph) closed out my second trade giving me 10/20 pip profit....