Long entry on GBPJPY 8 hour chart

The 8 hour chart is an interesting timeframe for people with a busy schedule. It breaks down the daily candles in three and therefore gives just about the right volume of signals if you can check your charts two to three times a day.

I have just entered a limit buy order on GBPJPY 8 hour chart since the pair is in a range and has just hit support with nice bullish bodied candles. The risk reward ratio is 1 to three, aiming for opposite side of the range.

GBPJPY 8 hour chart

GBPJPY 8 hour chart