GBPJPY : 1HR BUY-LIMIT (SWING)
GBPJPY was hit hard by Gold's incredibly short-term big breakout in the asian-session early last week and has fallen more than 800 pips for 1.5 weeks.
Candles are bigger than ever and we can see harder movements than ever before.
Since the movement amplitude of the candles increases, I do not recommend entering into trades with high lot sizes in GBPJPY during these periods!
I will try the buy-limit entry in this setup.
It may take a very long time for the setup to occur and the trade to be concluded.
Despite GBPJPY's high movement amplitude ;
350-360 pips TP can be try with 47 pips stop-loss and low lot size.
Candles are bigger than ever and we can see harder movements than ever before.
Since the movement amplitude of the candles increases, I do not recommend entering into trades with high lot sizes in GBPJPY during these periods!
I will try the buy-limit entry in this setup.
It may take a very long time for the setup to occur and the trade to be concluded.
Despite GBPJPY's high movement amplitude ;
350-360 pips TP can be try with 47 pips stop-loss and low lot size.
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