Intraday Trade
Shorted CADJPY at 83.20
TP1 82.80
S.L 83.45
Risk/Reward: 1.6
Risk of capital for trade: 1.5%
- 1.618 Fibonacci extension for latest down wave
- Falling Trend line
- RSI Overbought
Shorted CADJPY at 83.20
TP1 82.80
S.L 83.45
Risk/Reward: 1.6
Risk of capital for trade: 1.5%
- 1.618 Fibonacci extension for latest down wave
- Falling Trend line
- RSI Overbought
Trade closed: stop reached
-1.5% capitalNote
Return after all 8 trades so far: -2.268%Note
4 losses and 2 PARTIAL winners(Only hit 1 target, not both. If we consider the two partial winners one full winner then I have 1/5 win rate = 20% and 80% loss ---> -2.268 %. This is why risk management is important.
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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.
Related publications
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.