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It’s back-to-back winning weeks for this system, as both pairs scored wins even with just a few signals.

How many pips did the strategy catch?

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.

USD/JPY had two valid signals for the week.

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

The first one was a bearish signal that was able to hop in a pretty huge selloff.

It’s just too bad that the profit target was just close by, so the position left a bunch of pips on the table.

Still ain’t complanin’ about this play’s 15-pip gain, though!

The next one was a long signal that popped up right in the middle of a rally. This was also able to hit its profit target and score even larger gains.

With that, USD/JPY closed out with a 43-pip win for the week:

GBP/JPY had a short position left open from the earlier update, and unfortunately it had to be closed early for a loss when a new inside bar pattern came up.

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

The pair was able to catch another valid short signal before the selloff picked up.

Fortunately this one bagged wins and made up for the earlier loss, leaving Guppy with a 28-pip gain.

This brings the Inside Bar Momentum Strategy 2.0 up by 71 pips for the week, adding to last week’s wins.

The percentage win/loss depends on how position sizes are calculated.

Just one more week left before I round up the performance for the quarter!

ICYMI, see how the numbers added up for Q2 2021.