4 Hour Pound/Yen Forex Price Action Strategy
- Identify important support and resistance levels on the 4 hour GBP/JPY chart.
- Look for pin bar reversals at resistance highs and support lows.
- Go short GBP/JPY at resistance levels in the downtrend after a pin bar has formed.
- Confluence and Price Action are important.
- Place stop loss above the pin bar.
- Use good risk to reward ratio’s.