GBPJPY
Looking for buy on support setup after trendline breakout on H4 TF
Target profit: 140p
Target Loss: 49p
Komentarz:
Never smaller as setup is in the middle of trend
Postmortem 23/4/19
1 - Follow my strategy rules - Buy AFTER bullish BREAKOUT at 1st attempt - S1.
2 - CHFJPY was on a H4 sideway trend & the trading setup was in the middle of the sideway trend where price just recently tested the upper channel. Tendency price to test lower channel is possible
3 - Price at H4 is within red ichimoku cloud indicating price cold move lower.
4 - Price did react at that lvl up to the nearest H4 resistance = 15p before moving towards the lower sideway channel and breaking it indicating further bearish movement