KG-Camarilla Levels for GBP/JPY:
GBP/JPY LEVEL C
H4 xxx
H3 xxx
H2 xxx
H1 xxx
C xxx
L1 xxx
L2 xxx
L3 xxx
L4 xxx
GBP/JPY LEVEL B
H4 1.9737
H3 234.76
H2 234.59
H1 234.45
C 234.31
L1 234.17
L2 234.04
L3 233.87
L4 233.59
GBP/JPY LEVEL A
H4 233.51
H3 233.33
H2 233.24
H1 233.15
C 233.07
L1 232.99
L2 232.89
L3 232.80
L4 232.63
OK – How we use these data for trading?
It’s so simple….
1. Make a horisontal lines for those level and name it. Example: A-H4 for H4 for Level A.
2. Watch the current price… and check in what level the price playing around right now.
3. Remember that H4 is a Breakout Long point and L4 is a Breakout Short point.
4. Let’s say current price playing around Level A.. and around C point.. so, wait until the
price hit L3 or H3… that’s the sign to start your trading.
5. If the price hit L3, so you can OP Buy Stop at L3 point and set your TP1 = C, TP2 = H1,
TP3 = H2 and TP4 = H3. And don’t forget to set your SL = L4.
6. And if the price hit H3, OP Sell Stop at H3 TP1 = C, TP2 = L1, TP3 = L2 and TP4 = L4
7. And how if it’s breakout Long? The next target is L4, L3, L2, L1 and C at the up level
8. And if breakout Short, the next target are H4, H3, H2, H1 and C at the bottom level
Happy Trading GBP/JPY
-KG-(Kang Gun/Marketiva user)
0 Responses to “Tips on GBP/JPY Trading”