8 Feb 2025

5 Feb 2025 (Trade Example): GBPJPY

 GBPJPY short trade on 5/2/25

Pre-Analysis:

- Trade based on H4 timeframe using trend pullback system.

- Chart showing price reacting to resistance area, evidence of buyers getting weaker and sellers taking over this trade.


Entry:

- Entry time around 11:00pm


- There was opportunity to add on position the following day 6/2/25. 
- The first trade during Asia session around 9:30am. Based on JPY currency, all it's pair show strength.
- Second trade to add position was during London session around 5:45pm. This trade also influenced by important news release related to GBP currency (interest rate) later on. 
- At the same time, GBP currency also show weakness across the board.