Hello everyone,
this week i got some positions hit SL as the market going a bit sideways on higher timeframe.
I am gonna try this lower tf setup and play with quick trade for a moment.
For today, i found EURJPY fulfilled all the conditions needed to take a sell position. Now i am waiting for it to retrace a bit to 125.40 before selling it for a better RR ratio.
Sell EURJPY 125.40
Stop loss 125.85
Take profit 1 @124.95
Take profit 2 @124.50
RR ratio is 1:2
Use only 1-2% risk
Good luck
this week i got some positions hit SL as the market going a bit sideways on higher timeframe.
I am gonna try this lower tf setup and play with quick trade for a moment.
For today, i found EURJPY fulfilled all the conditions needed to take a sell position. Now i am waiting for it to retrace a bit to 125.40 before selling it for a better RR ratio.
Sell EURJPY 125.40
Stop loss 125.85
Take profit 1 @124.95
Take profit 2 @124.50
RR ratio is 1:2
Use only 1-2% risk
Good luck