Short yen pairs: Currency basket setup
Updated
This is the Yen currency basket for this week.
As usual, trail stops at 40 pip profit, and set a BE+5/10 stop for lower risk.
Position size should be small initially, for a whole account 3-5% risk based on all pairs hitting the stop.
You can scale in on the winning trades, and drawdown will be minimal if some turn into losers.
As usual, trail stops at 40 pip profit, and set a BE+5/10 stop for lower risk.
Position size should be small initially, for a whole account 3-5% risk based on all pairs hitting the stop.
You can scale in on the winning trades, and drawdown will be minimal if some turn into losers.
Trade closed: target reached
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