96% of Retail traders lose and quit in the FX markets. This is because everyone teaches the same things... Double tops, Breakouts, Retests, etc. But when you throw all that away and look at where is the "Smart Money" Where are orders being picked up (I../ stop losses hit, TP hit, Pending orders hit) and Where are those 4% of traders putting their money its clear too see. Institutions with big money cant trade the way retail traders do. and retail traders can trade the way institutions trade. SO HOW DO RETAIL TRADERS MAKE MONEY? Most don't but the ones that do are looking for the footprints from the past to see where all the money is being picked up and moving the markets.
We can see here on the 1HR chart GJ had a false breakout from consolidation in the past, which grabbed a ton of sell orders and smart money went opposite of retail trading and pushed the markets WAY UP. Now price returned to that level and we see the same thing... coincidence ? NO! This is how the big banks mess everyone up!
With that being said GBPJPY should retrace back to 136.500 and crash down.
Want to learn more and see a full breakdown of why? head on over to our telegram channel and lookout for our next free webinar!
t.me/Pipit2profitsignals
We can see here on the 1HR chart GJ had a false breakout from consolidation in the past, which grabbed a ton of sell orders and smart money went opposite of retail trading and pushed the markets WAY UP. Now price returned to that level and we see the same thing... coincidence ? NO! This is how the big banks mess everyone up!
With that being said GBPJPY should retrace back to 136.500 and crash down.
Want to learn more and see a full breakdown of why? head on over to our telegram channel and lookout for our next free webinar!
t.me/Pipit2profitsignals