GBY/JPY has been in a down trend all week due to JPY being a safe haven pair and cornavirus
market broke to the upside on the 4 hour time frame so i drew my fib and found it was pushing up towards
the 0.618 fib retracment zone which also was a psyc level and also a reistance level
i then went down into the 1 hour time frame and seen it had broken structure to the up side and was coming
into a pullback on the 4 hour time frame first entry is when price failed to break this psyc level/reistance level and
well respected fib retracement level small stop loss of 35 pips for 120pip gain
my second entry was on the 1 hour time frame were previous support was broken and then market came to test and get rejected
twice on the 15 min timeframe i alreaydy knew market was in a down trend so that was another confirmation for me to enter
this entry i had to set a bigger stop loss incase market pushed up towards my first entry where resitance once before
literally no draw down for another 120 pip gain
market broke to the upside on the 4 hour time frame so i drew my fib and found it was pushing up towards
the 0.618 fib retracment zone which also was a psyc level and also a reistance level
i then went down into the 1 hour time frame and seen it had broken structure to the up side and was coming
into a pullback on the 4 hour time frame first entry is when price failed to break this psyc level/reistance level and
well respected fib retracement level small stop loss of 35 pips for 120pip gain
my second entry was on the 1 hour time frame were previous support was broken and then market came to test and get rejected
twice on the 15 min timeframe i alreaydy knew market was in a down trend so that was another confirmation for me to enter
this entry i had to set a bigger stop loss incase market pushed up towards my first entry where resitance once before
literally no draw down for another 120 pip gain