【Easy-to-Understand Buy Signal】Extract profitable situations from two types of Bollinger Bands, only enter in the morning! A simple method not tied to the market [Akk0]

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※This article is a reprint/re-edited version of an article from FX攻略.com, September 2019 issue. The market information written in the body may differ from current market conditions, so please note.
※The "Strategy Points" and the body are explained assuming long positions in an uptrend. In a downtrend with short positions, the rules are opposite.

Strategy Points

• Technical: Bollinger Bands (20) and (80)
• Trading time frame: 15-minute chart, 1-hour chart
• Target currency pairs: USD/JPY, EUR/JPY, GBP/JPY
• Advantage of this strategy: No need to stay glued to the chart

Buy the pullback using the easily functioning Tokyo Line trend

New

• Determine the trend from two Bollinger Bands displayed on the 1-hour chart. Look for pullback entry on the 15-minute chart
• Enter after confirming price action rebounds at the Tokyo Line

Settlement

• Take profit fixed at 20 pips (USD/JPY, EUR/JPY), 40 pips fixed (GBP/JPY)
• Stop loss fixed at 10 pips (USD/JPY, EUR/JPY), 12 pips fixed (GBP/JPY)