GBPJPY trade idea - simple and logical
1. Respected Fib levels
2. Clear downtrend channel
3. Shooting star at the top of the channel, R1 pivot point, and the fib level on H4 (as of writing this post, 1 hour before candlestick close).
First TP target in the middle of the channel and Fib level 38.2. Second TP target in the end of the channel and Fib level 50. Stop loss at 1.5x ATR above the 23.6 level.
2. Clear downtrend channel
3. Shooting star at the top of the channel, R1 pivot point, and the fib level on H4 (as of writing this post, 1 hour before candlestick close).
First TP target in the middle of the channel and Fib level 38.2. Second TP target in the end of the channel and Fib level 50. Stop loss at 1.5x ATR above the 23.6 level.
手動結束交易
TP1 Reached. Closed 1/2 of position.交易結束：目標達成
Downtrend is getting very weak at the 38.2 level, decided to sell the rest of the position.
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