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4 Hour Pound/Yen Forex Price Action Strategy

Brief Explanation

  • 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.

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