EMA Strategy: GBPJPY

30-mins chart
EMA Strategy: GBPJPY

Long
Trade Entered @ 10:00 AM Wednesday 26/12/2018

Checklist for Long:
1. Retest @ EMA (25, close) -
2. EMA (25, close) holds as resistance-
3. Last Candlestick longer than the previous -
4. Reversal Candlestick Pattern
5. Long Upper Shadow, Short Lower Body -

Risk
- Pair might not break out of consolidation

Commento:

Price came >10 pips away from TP.
Using this strategy on the 30-mins chart always place first TP @ 40 pips*