aud jpy short idea
Two take profit levels
H1 is trending down (anchor chart)
M5 pulled back to 8 EMA (yellow line) - this candle that touched the 8 EMA is called the trigger bar
Counted 3 pips above the trigger bar to set my stop loss level
Counted 3 pips below the lowest candles (among the 5 previous candles before trigger bar). This is my entry level
TP1 is 1:1 RR
TP2 is 1:2 RR
Hope this works!
H1 is trending down (anchor chart)
M5 pulled back to 8 EMA (yellow line) - this candle that touched the 8 EMA is called the trigger bar
Counted 3 pips above the trigger bar to set my stop loss level
Counted 3 pips below the lowest candles (among the 5 previous candles before trigger bar). This is my entry level
TP1 is 1:1 RR
TP2 is 1:2 RR
Hope this works!
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