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Singapore Forex Course – GBPJPY H4 Trading Strategy

On H4 Chart, we can see uptrend equidistant channel.  Price has been trying to to break Resistance Zone as shown in chart above. This is the second attempt already.  If price fails to break, it will form a potential double top.

On h1 Chart, we can see a another equidistant uptrend channel. Should price breaks below the equidistant channel, the immediate support zone will be at the blue trendline (also the ED channel support). Of course, we will look for confluence from Fibonacci according to Tflow® trading plan.

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Our Latest Trade

Oil, WTI Long $97.80 avg
  • First Target Profit $108 - Won $10.20
  • Second Target Profit $110.70 - Pending
  • Third Target Profit $115.00 - Pending
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