GBPJPY
- Previous Day candle closed Bearish. If we are looking for buys we will take on until daily resistance formed on 19 th nov 04
- If we are looking for sells we take on until 13th nov 02 and tp 2 24th dec 03 daily resistance.
- Wait for 1 hour candle to close above or below zone to enter trade.
- We risk 3-10% of our capital. Close trades once price reverses to opposite direction and 1 hour candle closes below/above order Block.
- After hitting TP 1, always set B.E do not re-enter new trade.
- If we are looking for sells we take on until 13th nov 02 and tp 2 24th dec 03 daily resistance.
- Wait for 1 hour candle to close above or below zone to enter trade.
- We risk 3-10% of our capital. Close trades once price reverses to opposite direction and 1 hour candle closes below/above order Block.
- After hitting TP 1, always set B.E do not re-enter new trade.
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