GBPJPY Long
1 touch 2 touch makes a trend line
3rd touch usually completes the trend
Dont sell from the top rather buy form the area
being rejected @139.500
1. Waiting for market to Return down to 139.500
2. Waiting to see 3x 8H rejection candles take a buy
3. Support and Resistance area should be created on
the 4H time frame
4. Wait for market to break out of this are to take
a buy
5. There will be 3 areas to release Profits
A. @142.600 50% profits Move SL to Break Even
B. @143.700 25% profits Move SL to 142.600
C. @145.400 TP is hit and order is closed
3rd touch usually completes the trend
Dont sell from the top rather buy form the area
being rejected @139.500
1. Waiting for market to Return down to 139.500
2. Waiting to see 3x 8H rejection candles take a buy
3. Support and Resistance area should be created on
the 4H time frame
4. Wait for market to break out of this are to take
a buy
5. There will be 3 areas to release Profits
A. @142.600 50% profits Move SL to Break Even
B. @143.700 25% profits Move SL to 142.600
C. @145.400 TP is hit and order is closed
Penafian
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