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USD/JPY caught more signals than usual for the past week while GBP/JPY had a couple of small wins. See how the numbers added up!

If this is the first time you’re reading about this forex strategy, I suggest you take a look at the system rules before reading on.

Also, this version makes use of an adjusted stop loss size on both USD/JPY and GBP/JPY.

The size of the stop loss was adjusted from the original 20% of the first candlestick to 40% of its length.

First up, here’s what went on with USD/JPY:

USD/JPY 4-hour Forex Chart
USD/JPY 4-hour Forex Chart

Even though this pair moved mostly sideways, it was able to generate five valid inside bar signals for the week.

Most of these plays turned out well and hit their targets, although the exit levels were pretty tight.

One position had to be closed on a new inside bar pattern, though, while the last play got stopped out. Here’s how it all turned out:

Now here’s what went on with Guppy:

GBP/JPY 4-hour Forex Chart
GBP/JPY 4-hour Forex Chart

This pair managed to catch two valid signals for the week yet again!

The first one was a long position off a tiny inside bar pattern, so the target was hit pretty quickly.

Same goes for the second long position, which had a teensy first candle and left a lot of pips on the table with that strong rally that followed.

Still, I ain’t complaining because GBP/JPY was able to snag back-to-back wins and a total of 34 pips for the week:

With that, the Inside Bar Momentum Strategy was able to finish off with a 73-pip gain for the week. Not bad, eh?

This adds to the relatively decent performance the other week, which racked up 49 pips in gains. The percentage win/loss depends on how position sizes are calculated.

ICYMI, check out how the Inside Bar Momentum Strategy fared for Q1 2020 and how other mech systems are stacking up in Forex Ninja’s Systems Showcase!