Hello traders!
Trading GBPJPY on a london session.. what is better than this right? So lets get straight into it. I placed this trade based on the 4h and the daily timeframes. We broke a really strong resistance level that is now a support level. It retested the support level already and the 4h creating strong bullish candles. Same as the 1h. Entered the trade with a great fibbonacci level on the golden zone with a nice SMA rejection. 1:4 risk ratio guys.
Trading GBPJPY on a london session.. what is better than this right? So lets get straight into it. I placed this trade based on the 4h and the daily timeframes. We broke a really strong resistance level that is now a support level. It retested the support level already and the 4h creating strong bullish candles. Same as the 1h. Entered the trade with a great fibbonacci level on the golden zone with a nice SMA rejection. 1:4 risk ratio guys.