GBPJPY (LONDON SESSION) 8:15 AM BUYS.
GBPJPY BUYS. (15m )
1. London Session Open Volume. ( high volume entering the market)
2. Price created new highs and HL's.
3 Bullish engulfing pattern formed in 162.082 support area confirming as new HL in 15 M.
4. 22 pip wick rejection to the downside, stopping out majority of buyers in 30 M.
5. Price respecting the 15 M EMA.
*Entry was taken in the 15 M timeframe in confluence with 30 M.
Stop loss : 20 Pips.
Take profit : 40 Pips.
R:R ratio : 1:2
* After price hit tp 1 , stop loss was made to breakeven , minimising risk off the table
Price hit tp 2 in 1 hour.
Key note : 1 Session / 1 Pair / 1 or 2 trades a day is all it takes.
1. London Session Open Volume. ( high volume entering the market)
2. Price created new highs and HL's.
3 Bullish engulfing pattern formed in 162.082 support area confirming as new HL in 15 M.
4. 22 pip wick rejection to the downside, stopping out majority of buyers in 30 M.
5. Price respecting the 15 M EMA.
*Entry was taken in the 15 M timeframe in confluence with 30 M.
Stop loss : 20 Pips.
Take profit : 40 Pips.
R:R ratio : 1:2
* After price hit tp 1 , stop loss was made to breakeven , minimising risk off the table
Price hit tp 2 in 1 hour.
Key note : 1 Session / 1 Pair / 1 or 2 trades a day is all it takes.