USD JPY SHORT NEW ATR IDEA.. THOUGHTS?
i've been doing a lot of research based on ATR and how important that indicator is in forex.
Using ATR as stop loss is a commonly known strategy, but what works best?
im currently using major support / resistance levels combined with ATR to come up with my SL and TP levels.
1X ATR is my SL, 2X ATR is my TP. Always a 1:2 R/R
USD JPY
ENTRY 108.300
SL 108.865
TP 107.17
Using ATR as stop loss is a commonly known strategy, but what works best?
im currently using major support / resistance levels combined with ATR to come up with my SL and TP levels.
1X ATR is my SL, 2X ATR is my TP. Always a 1:2 R/R
USD JPY
ENTRY 108.300
SL 108.865
TP 107.17
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