Was having a look at GBPJPY and there were SO many opportunities which required very small stop losses and made perfect sense.
1. Double bottom, Long to previous top = 900 pips
2. Descending channel, Long to previous top = 390 pips (break out strategy or you could go for double bottom within the channel)
3. Previous highs acting as support. Long to recent high = 220 pips
4. Ascending wedge ranges = 227 pips
Altogether = 1737 pips in 44 days. High probability trades aswell on just ONE pair.
You could've even played the channel ranges in the descending channel for even more pips (Trade 2)
Note to self: Trading isn't difficult if you can make sense of what's happening on the chart. Find the best opportunities and hold.
1. Double bottom, Long to previous top = 900 pips
2. Descending channel, Long to previous top = 390 pips (break out strategy or you could go for double bottom within the channel)
3. Previous highs acting as support. Long to recent high = 220 pips
4. Ascending wedge ranges = 227 pips
Altogether = 1737 pips in 44 days. High probability trades aswell on just ONE pair.
You could've even played the channel ranges in the descending channel for even more pips (Trade 2)
Note to self: Trading isn't difficult if you can make sense of what's happening on the chart. Find the best opportunities and hold.