Intraday Setups with Currency Strength and Impulse

Intraday Setups with Currency Strength and Impulse

5 December 2016, 19:17
Bernhard Schweigert
3
233

EURJPY INTRADAY setup with Currency Strength and Impulse/Speed

(If you read first time about Impulse please check tradingsystem here and here)

EURJPY 171 PIPS

  • FLAT MARKET BREAKOUT with LONDON OPEN
  • IMPULSE/SPEED Signal m5 after London open.
  • Currency double-GAP with outside Direction and expanding momentum
  • EUR strong and JPY weak to build the double-GAP: result EURJPY BUY.
  • Higher time frames confirm direction one by one to hold into the trade.
  • Target was set at H4 resistance, trailed SL to secure the pips.

TP hit at 171 pip

CHART EURJPY H1

EURJPY_H1

CHART EURJPY M15

EURJPY_M15

CHART EURJPY M5

this was entry trigger

EURJPY_M5

CHART EURJPY M1

After end of Asian session m1 started volatility and trend of CS (I did not used m1, but it might be interesting for scalpers to see how efficient the indicators are)

EURJPY_M1

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