GBPJPY : Fractal up has just formed

9:10 am gmt +8

Fractal up has just formed at H4 . The risk and reward ratio for the current position is 21:178 . I assume that the probability of H4 fractal succeed is 85.52 % (from data history).

The BDHiLo indicates that the price relatively high and the current movement of M5 is BEAR. That's why i enter SHORT position with SL, risk+10 = 31 pips from current price. The TP is not set yet but should be less the 178, may be half.

p/s : I'm scalper. Most of time I close post manually.

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Update

1:25 pm gmt+8

I've just noticed that the fractals indicator could be repainted. The fractal up suddenly disappeared and my post hit SL. But it doesn't matter... I will only stick on this system and tried to find out how to overcome the weakness.

I'm actually break the system's rule when trade without referring small TF for best entry. I was just too obsess with H4 fractal. I will accept this as lesson. Better careful next time.