GBPJPY RANGE REJECTION

7 août 2023

GJ has finally come a retest my previous zone from last week. Although i caught a sell move friday price never actually retested the zone like i normally would wait for before entering.

Now that price is finally retesting the zone I'm anticipating a close within it and then a move right back to the down side.

My zone is about 50 pips wide which is why i waited for a entry around 182.140. I'm risking 35-40 pips to catch 100-150pips. As long as price doesn't close above that zone i will consider the sell valid.

If price closes above 182.500 i'll begin to look for buy moves instead.

RR: 4.50

8 août 2023

Trade fermée: ordre d’arrêt atteint

I got stopped out of GJ. I re-entered when price broke the zone again and was able to secure 60 pips. That recovered losses and secured 25 pips of profits.

Price then broke above the zone and gave a push like i said it would if we got the close above but i was busy and couldn't catch my buy entry.