GBP/JPY

7 feb 2023

Caught 3 different entries on GJ. My TP's are the dashed lines that you see. I had to bring my Fib out (never be scared to go back to what does work for you in the past, tools are important as well) But this was based off simple price action. If you see I used my mark up tool as well. I seen price gave me a break of structure to the left. Once broken price gave a HH then once retested never made another HH after that high so i'm thinking to myself if price didn't break that high and made a higher low, this could be a reversal so i took my Fib out i always wait for a strong break of my last candle low in a downtrend so i waited for it and executed my trade on the 15 min. You don't see no SL on the next 2 entries because i put my SL to entry once price ghit my first TP so it can be a risk free trade. (TELL ME WHAT YOU GUYS THINK)