Time to go Short CADJPY
Pinbar formation on Daily TF and price could not go further up after few days having more possibility confirmation to the downside.
We wait for the trendline break on the 4 Hour chart to enter our short position with 1:1 risk ratio.
Same trade management plan, we open 2 orders having different take profits, then once TP1 gets hit, we move our SL to breakeven.
This is just my idea that is why you also do your own due diligence and if you are going to follow this trade, make sure to just risk 1% to 2% of your capital.
We wait for the trendline break on the 4 Hour chart to enter our short position with 1:1 risk ratio.
Same trade management plan, we open 2 orders having different take profits, then once TP1 gets hit, we move our SL to breakeven.
This is just my idea that is why you also do your own due diligence and if you are going to follow this trade, make sure to just risk 1% to 2% of your capital.
Trade active
Trade running now with profits going near to our Target 1...Trade active
Target 1 Reached!! :) Move SL 10 pips below entry point for a risk free trade...Note
Trade is still in our side. Going near to our Target 2. Make sure our SL is already in breakeven (entry price)Trade closed: target reached
And now we are able to Reach TARGET 2... Congratulations if you followed this trade! We profit 100 pips... :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.