Trading Resources

Free educational content to improve your trading

Trading Basics

Essential concepts every trader should know

Risk Management

Protect your capital with proper risk management

Trading Psychology

Master your mindset for better trading

Simple Trading Strategy: Bearish Structure on GBP/JPY

This strategy focuses on identifying a bearish structure on the daily timeframe for GBP/JPY.

Steps:

  1. Identify a bearish 3-candle move down on the daily timeframe.Bearish Structure Example
  2. Wait for a retest of the 0.786 Fibonacci level.Fibonacci Retest Example
  3. Zoom into the 1-hour timeframe.1 Hour Timeframe Example
  4. Look for a bearish engulfing candle pattern.Bearish Engulfing Example
  5. Set your stop loss above the previous highs.Stop Loss Example

Pro Tip

Remember that successful trading is a journey, not a destination. Take time to study these resources, practice with a demo account, and always prioritize risk management over potential profits.