GBPJPY PRICE TRAP 1HR tf
Updated
GBPJPY Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 149.061
TP1: 149.315 (25 pips)
TP2: 149.679 (61 pips)
TP3: 150.023 (94 pips)
TP4: 150.368 (130 pips)
SL: 148.693 (37 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 147.428
TP1: 147.226 (20 pips)
TP2: 146.941 (48 pips)
TP3: 146.538 (89 pips)
SL: 147.804 (38 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 149.061
TP1: 149.315 (25 pips)
TP2: 149.679 (61 pips)
TP3: 150.023 (94 pips)
TP4: 150.368 (130 pips)
SL: 148.693 (37 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 147.428
TP1: 147.226 (20 pips)
TP2: 146.941 (48 pips)
TP3: 146.538 (89 pips)
SL: 147.804 (38 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
Trade closed: stop reached
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