CADJPY the idea of a short
For over two weeks of closely monitoring high market purchases, it is evident that the price struggles to breach the support level. This suggests that a limit seller may be taking a short position. Considering the current price position, entering into a position now may offer favorable risk-to-reward conditions.
The strategy involves securing the position and trailing the stop-loss behind points 2 and 4. The target allocation is as follows:
25% at point 1,
25% at point 3,
50% at point 5.
This allows for a balanced approach to risk management and maximizing potential profit. Under these conditions, we can confidently move forward, effectively managing risks and capitalizing on the opportunities presented by the market.
The strategy involves securing the position and trailing the stop-loss behind points 2 and 4. The target allocation is as follows:
25% at point 1,
25% at point 3,
50% at point 5.
This allows for a balanced approach to risk management and maximizing potential profit. Under these conditions, we can confidently move forward, effectively managing risks and capitalizing on the opportunities presented by the market.
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.