GBPJPY Working Trading Strategy in 2022 and Onwards

GBPJPY Working Trading Strategy in 2022 and Onwards

The GBPJPY is considered as most volatile forex trading pair that moves approximately 600+ pips moves a week. The best way to gain profit by this forex trading pair is to Put either pending order at certain pips distance but here I'm giving you best suggestion how you can Make Money with this Pair with instant order.

STRATEGY for Trading GBPJPY

first you have to check it on daily candle chart if the last two candles of chart are bearish means if the close of previous candle means yesterday candle is lower than the day before yesterday candle and ask price is less than 200 pips of yesterday low then its buy signal and the take profit would be 30 pips. Lot sizes varies on your account.

Similarly, if the Daily candle chart and previous two candles are bullish mean yesterday day candle high is greater than the day before yesterday candle and ask price is greater than the yesterday high and is greater than 200 pips then its sell with 20 pips take profit.

For better signals filter you can also check the Weekly candle Bearish or Bullish of previous week to gain the idea of momentum of that currency pair.

Algorithm

Buy Signal

low1<low2 && Ask<=(low1-200*pips)

Sell Signal

high1>high2 && Ask>=(high1+200*pips)

Please NOTE

Here High and Low are of Daily Candlestick.