Tue. Oct 19th, 2021

How to exchange GBPJPY?

How to exchange GBPJPY?

I’ve been discussing a lot of currency pairs on my blogs lately.
And now it’s time to take a closer look at GBPJPY and how you can approach this pair.
I personally love GBPJPY, but man, man, I also lost a lot of money with this pair at first.
But once you can manage this pair, you can also make a lot of money with this pair.
Let me put it this way GBPJPY is a pretty wild pair.
Like it or not!

The behavior of GBPJPY.

GBPJPY trading is a bit similar to GBPAUD and XAUUSD trading if you like excitement and action, these are the pairs you can change.
He moves very aggressively and if you trade too soon you will burn your fingers.
And your account if, of course, you don’t have good risk management.
But once you learn to recognize these strong moves well and know how to anticipate them, you can also make a lot of Pips very quickly.

How to exchange GBPJPY

How to exchange GBPJPY

At the top we see the GBPJPY line chart and the good movements between the supply and demand areas.
GBPJPY is therefore very good and clear to trade with supply and demand areas as long as you have patience and do not trade too fast.

How to exchange GBPJPY

How to exchange GBPJPY

In the image above we see the same graph, but we return to the chandelier graph.
Do you also see all these liquidity rises in the areas?
You can also see a lot of it when you look back at GBPJPY’s past.
And that’s why you shouldn’t get in too early with this pair.
Wait patiently so that you are not expelled immediately.

How to exchange GBPJPY

How to exchange GBPJPY

In the last image above, we see the same graph again, but enlarged a bit.
Here I have also clearly indicated the area of ​​liquidity.
Keep that in mind.
So you see what I mean?
Often, the price tends to go down a bit more before the price goes up.
That’s why you have to be patient and wait for this to happen, and if you see the price go up again, it’s a good indication of a possible purchase.

Tip

In order to see and recognize this, it is best not to have open currency pair lists at the beginning.
Preferably choose 3 and get to know them completely.
You often see very well the behavior patterns of a particular couple.
And so you can learn to negotiate better.
The trick is not the better, but the less you will earn trades.

In addition to what I’ve explained now, of course you should pay attention to more things before doing an operation.
Want to know what it is exactly?
You will learn all this in the course, but applying it will need a little practice.

Do you want to become a successful supply and demand trader or do you want to know how to trade GBPJPY?

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