NEW SOP - H1 ENTRY 7-9

1/7/2019

2/7/2019

GJ BACKTEST 5/8/2019

1) Previous daily candle closes as bearish with price closes at 129.597
2) Looking for a retest at 129.75 for sell entry

1) Price did not reject / retest / reach the targeted 129.75 zone level.
2) Have to wait for a Support zone for buy entry

1) Price h1 rejected 128.25 at h1 10am.
2) Entry buy if price closes above the price zone.
3) Entry made at h1 11am at 128.274
4) Target TP of 128.75

GJ Backtest 2/8/2019

1) Previous daily candle close as bearish at 130.182
2) Price closes below 130.25
3) Looking for a retest at that zone for a sell entry.

1) Price retest / reject the price 130.25 with a bullish candle first before a bearish candle later closing below it.
2) Sell entry as of 3am h1 with a target TP of 129.75 and CL if h1 closes above 130.25

End result : HIT TP

BACKTEST -GBP JPY 1/8/2019

1) Previous daily candle closes as bullish at 132.220 with a downtrend momentum.
2) Technically, price closes below 132.5, hence i`m looking for a rejection between 132.25 - 132.5 for a sell direction.

1) Price made a retest / rejection at 5am candle with a bearish closing.
2) I will make an instant sell at the next h1 of 6am at 132.358

My profit target to close would be at 131.75 , around 50 + pips from the entry made.
CL will be made if price were to break above the Resistance at 132.5

End result : Target reached