30 Oct 2024

29 Oct 2024: GBPJPY

 GBPJPY long trade on 29/10/25

Pre-Analysis:-

- Strength meter GBP = +4, JPY = -7


Entry:-


- Entry time 7:45pm

Post-Analysis:-

- Stopped out as price spike down.

- Should took entry in London session around 4:00pm (as shown on chart above, the red arrow)

- After V formation, the successful test can be noted as price broke the Asian session range.

- Should I move stop to break even as price reached 1R?

- Another lost, when my trade will turn consistent? 

- Update: here is GBPNZD long trade as an alternative, which gave better results.