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EMA Strategy: GBPJPY
30-mins chart
EMA Strategy: GBPJPY
Long
Trade Entered @ 9:30 PM Wednesday 26/12/2018
Checklist for Long:
1. Retest @ EMA (25, close) -
2. EMA (25, close) holds as support-
3. Last Candlestick longer than the previous -
4. Reversal Candlestick Pattern -
5. Long Lower Shadow, Short Upper Body
Risk
- Coming off of a previous uptrend
- Price could form a possible double top @ 140.870 and reverse before reaching TP
EMA Strategy: GBPJPY
Long
Trade Entered @ 9:30 PM Wednesday 26/12/2018
Checklist for Long:
1. Retest @ EMA (25, close) -
2. EMA (25, close) holds as support-
3. Last Candlestick longer than the previous -
4. Reversal Candlestick Pattern -
5. Long Lower Shadow, Short Upper Body
Risk
- Coming off of a previous uptrend
- Price could form a possible double top @ 140.870 and reverse before reaching TP
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