GBPJPY
Channel: GREEN
WK Pivot: GREEN
AOB: HL
CON: IB
BUY Stop: 181.106
Stop Loss: 180.280
TP01: 181.932
DWR present as a buy setup on 6OCT, with Channel and Pivot are green bouncing off HL
However, trade is not taken/considered
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: SELL
Another update on this trade idea.
We are following these rules of this strategy:
Step One : Find the currency pair that is showing a high the last 50 candlesticks . (OR low depending on the trade)
Step Two: When we find 50 candle low, it needs to be coupled with RSI reading around 20 or lower. (If it’s a high it needs to be coupled with the RSI reading 80...