Release： 02/23/2021 21:25

Update： 02/23/2021 21:25

Series

A full-time currency trader cat explains pound-yen trades and the mind philosophy in the market.

Long GBP/JPY!

I went long on GBP/JPY in the EA entry of the N-Method.

At this point, about 160 PIPS in unrealized profit

The 4-hour chart looks like this

Multiple bullish indications of the N-Method are appearing

Next is the 30-minute chart

We entered at a good timing after the decline.

Of course, this is based on higher time-frame analysis. Let's judge whether it is worthwhile to take the risk from a risk-reward perspective.

Here is the N-Method

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