Week 15 GBPJPY Setup

# Trading Checklist

# Trading Checklist GBPJPY

- **Rule** Is there any setup?
- NO Setup NO Trade
- SBR
- RBS
- QML
- QMTR
- BLINDSPOT
- Use a trend-following setup.
- YES
- I love Risky way
- Analyze from a big time frame. Define the Entry Zone
- 30M 4H
- 15M, 1H
- Is there any News (interest rate Decision)
- Yes
- No
- Set both buy and sell zones on a higher timeframe such as 4H or Day for TP and Entry Area.
- YES
- No
- Is it in Premium Zone?
- FIBO 61.8
- FIBO 78.6
- FIBO 50
- Check Is in sideway?
- YES Break Sideway
- NO
- Check Zone within Zone?
- YES
- NO
- Is there Fake out zone
- YES
- No
- The Risk-Reward (RR) ratio should be around 4 or more than 2. If there is an 80% chance of reaching the target, take it.
- 1:3
- 1 :4-5
- More
- Confirmation using Choch.
- Risk Entry
- Confirmation Entry
- Is ChoCH occur in what time frame
- 4H
- Day
- Is ChoCh occur in what Zone?
- Daily
- Weekly
- or 4H
- Mark up zone Correctly
- Check for Bullish Engulfing ?
- 1/3 of Wicks?

I utilize demand and supply strategies. If you would like me to analyze anything, feel free to ask.
Have a nice day.