[This Week's Trade Review] GBP/JPY December 13, 2021 - December 17, 2021 Result
This week there is one loss. -61.2 pips. Massive loss.
1-hour chart
4-hour chart
【This Week’s Review】
This week there was one loss, -61.2 pips.
The slippage on trade ① was painful.
(A) was spot on.
(B) after the rapid rise, a cross occurred. Looking at the 4-hour chart, it also formed a support/resistance reversal there. It would have been okay to enter short here as well.
Looking at the daily chart
It seems it was held around 151.30; is this a resistance line here?
Looking at the weekly chart
Direction is not clear.
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Trading based on Mr. Iida’s “Close Price Trading Method.”
※ A “perfect close” pattern refers to when the candle’s close is at roughly the same level as the most recent close (often forming patterns like double bottoms or triple tops), treated as resistance for entry.
※ The “Wick Alignment Pattern” refers to when the closes align closely with MA100, MA200, or MA300, with an expectation of reversal, used for entry.
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EA that enters on the close price “OwarineDeEntry”
https://www.gogojungle.co.jp/tools/ebooks/29718