GBPJPY Trade Plan
GBPJPY - ICHIMOKU CHECKLIST
Weekly
Price vs Kumo: DOWN
Tenkan vs Kijun: DOWN
Chikou vs Kumo, Price vs Kijun: DOWN
Kumo future: DOWN
Candle : Pin bar (strong rejection)
Daily
Price vs Kumo: DOWN
Tenkan vs Kijun: DOWN
Chikou vs Kumo, Price vs Kijun: DOWN
Kumo future: DOWN
H4
Price vs Kumo: DOWN
Tenkan vs Kijun: UP
Chikou vs Kumo, Price vs Kijun: MIXED
Kumo future: DOWN
Trade Plan: Weekly & Daily in DOWN trend. Strong rejection in weekly chart. H4, retracement currently ABOVE 61.8% . Wait a bit more until it reach resistance ABOVE 88.6% and look for short trade there. Target RR1:2 or higher.
Weekly
Price vs Kumo: DOWN
Tenkan vs Kijun: DOWN
Chikou vs Kumo, Price vs Kijun: DOWN
Kumo future: DOWN
Candle : Pin bar (strong rejection)
Daily
Price vs Kumo: DOWN
Tenkan vs Kijun: DOWN
Chikou vs Kumo, Price vs Kijun: DOWN
Kumo future: DOWN
H4
Price vs Kumo: DOWN
Tenkan vs Kijun: UP
Chikou vs Kumo, Price vs Kijun: MIXED
Kumo future: DOWN
Trade Plan: Weekly & Daily in DOWN trend. Strong rejection in weekly chart. H4, retracement currently ABOVE 61.8% . Wait a bit more until it reach resistance ABOVE 88.6% and look for short trade there. Target RR1:2 or higher.
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