GBPJPY Setup 18/2/21

SELL entry setup based on channel breakout after continuation.

SELL after breakout and 15M candle close underneath.

Watch for:
1- Currency cycling
2- Currency strength
3- Moving averages crossover on 30M and 1HR
4- MACD + Trend Meter change
5- Pivot points
6- Fibs

Kommentar:

Update#1: TP1 hit securing 20+ pips.
For me the trade is closed as I only tend to catch 15 to 20 pips.

For swing traders you can hold the trade and trail the SL following the structure.

+20 pips profit.
Duration (8 hours).
....................................