The GBPJPY
A Novel Trading Strategy
A strategy you don’t offer hear of is the buy high and sell higher which is almost an anathema to the “buy low, sell high” crow but apparently when you’re in a strongly trending market, like this one is a pull back to the 8 or 21 day ema is sufficient reason to consider it a bullish sign and take the trade, especially if price rejects the level and creates a pin bar.
Thursday’s chart was a nice example of that which gave me the opportunity to go long on Friday morning.
Entry: 194.361
Stop: 192.982
TP: 197.108
Risk: 137.9 pips
Reward: 412.6.
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Sell Trade on the EURUSD
Sell Trade placed on the EURUSD pair
Short at 1.05673
Stop: 1.067
TP: 1.0348
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