xologeis

GJ - Adding to a position based on PA

Viés de baixa
FX:GBPJPY   Libra Esterlina/Iene Japonês
0
The initial short was from the top zone (based of the 4H I posted earlier). All the other red arrows below the 1st are adds as price develops and retests previous areas of short term supply. Adding to positions as you lock in profit and maintain minimal risk while massively improving your reward vs your risk, landing up with 20 or 50 to 1 instead of 3:1 etc. If price should rush back and retrace too fast we get taken out for profit and no harm no foul. If it does not like in this case we just keep enjoying the ride and letting it work for us.
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.