High accuracy GBPJPY USDJPY H1 Time Frame trading system and strategy – USDJPY is a beginner friendly currency pair. It’s relatively smooth trends and fantastic liquidity makes the USD/JPY pair appealing to both beginners and experienced traders.
This “Forex BBands MACD USDJPY H1 Time Frame Trading System” is a good system for JPY traders.
- Time Frame: H1 or higher
- Currency Pairs: USDJPY and GBPJPY
- Moving Average
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- Use a demo account or a small live account first to practice this trading system
- BBands indicator blue color
- MACD histogram above 0 level
- Price above the Moving Average channel
- BBands red color
- MACD histogram below 0 level
- Price below the Moving Average channel
- If you day trade, the USD/JPY, ideally do it between 1200 and 1500 GMT.
Trading during this time maximizes profit potential due to the size of the moves, and spreads are typically lower during this time as well.
- If you can’t trade during the most active times in the USD/JPY, then look at trading other pairs, such as the EUR/USD or GBP/USD.