GBPJPY what way will you go!?!
GBPJPY playing around structure on the 4hr, 1hr and 15min.
If a strong candle pattern presents itself inside the zone The plan is to take 2 buy positions.
1st for a 2:1 with stop loss just under structure with the 2nd positions stop loss in the same location and the TP at the previous strong high. once TP1 taken S/L on the 2nd position will be taken to break even to protect any profits.
Trade will exit if a trend change is seen i.e lower high, lower low. after movement to the upside is made.
Watch this space, looking very strong for a profitable position.
If a strong candle pattern presents itself inside the zone The plan is to take 2 buy positions.
1st for a 2:1 with stop loss just under structure with the 2nd positions stop loss in the same location and the TP at the previous strong high. once TP1 taken S/L on the 2nd position will be taken to break even to protect any profits.
Trade will exit if a trend change is seen i.e lower high, lower low. after movement to the upside is made.
Watch this space, looking very strong for a profitable position.
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