On March 12 2025 I posted on social media @AidanFX the GBPJPY SELL entry with the 15 Minute chart. The chart illustrated for traders that price respected several supply zones (Gray and Green) and was signalling for a move lower.
GBPJPY March 12 2025 Sell Entry
GBPJPY 15 Minute Chart March 12 2025
Sell trade entered on march 12 2025 at 192.27 with a 20 pip stop loss at 192.47. GBPJPY moves lower and the 1:3RR proposed target at 191.67 hits and is where I closed the sell trade for +60 pips and a +3% gain (Risking 1% on every trade).
A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. If you followed me on social media you too could have caught the GBPJPY move lower.
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX
At Elliottwave-Forecast we cover 78 instruments (Forex, Commodities, Indices, Cryptos, Stocks and ETFs) in 4 different time frames and we offer 5 Live Session Webinars everyday. We do Daily Technical Videos, Elliott Wave Trade Setup Videos and we have a 24 Hour Chat Room. Our clients are always in the loop for the next market move.
Try Elliottwave-Forecast for 14 days !!! Just click here –> 14 day trial
Back
