GBPJPY - Buy on 15 min time frame. (MISSED TRADE)
It is currently 12:25 EST on Oct 10th, Saturday. I was reviewing the action that occurred Friday morning Oct 9th between 7:30 am and 10:30 am EST.
Came across this perfect set up. The Ichimoku Cloud confirmed a continuing buy for us on the 4 hour time frame so we should have been looking for new entries on this pair. I found 3 perfect entries at the 23%, 38% and 62% levels. We usually only look for entries at the 23% and 38% levels but with the volatility of this pair we see that it also hit the 62% level testing the white EMA between 9:45-10 am giving us another entry for a buy and hold longterm.
Came across this perfect set up. The Ichimoku Cloud confirmed a continuing buy for us on the 4 hour time frame so we should have been looking for new entries on this pair. I found 3 perfect entries at the 23%, 38% and 62% levels. We usually only look for entries at the 23% and 38% levels but with the volatility of this pair we see that it also hit the 62% level testing the white EMA between 9:45-10 am giving us another entry for a buy and hold longterm.