Euro / Japanese YenShort
EURJPY, 1hr tf, sell below the kumo cloud
Hello everyone,
this week i got some positions hit SL as the market going a bit sideways on higher timeframe.
I am gonna try this lower tf setup and play with quick trade for a moment.
For today, i found EURJPY fulfilled all the conditions needed to take a sell position. Now i am waiting for it to retrace a bit to 125.40 before selling it for a better RR ratio.
Sell EURJPY 125.40
Stop loss 125.85
Take profit 1 @124.95
Take profit 2 @124.50
RR ratio is 1:2
Use only 1-2% risk
Good luck
this week i got some positions hit SL as the market going a bit sideways on higher timeframe.
I am gonna try this lower tf setup and play with quick trade for a moment.
For today, i found EURJPY fulfilled all the conditions needed to take a sell position. Now i am waiting for it to retrace a bit to 125.40 before selling it for a better RR ratio.
Sell EURJPY 125.40
Stop loss 125.85
Take profit 1 @124.95
Take profit 2 @124.50
RR ratio is 1:2
Use only 1-2% risk
Good luck
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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.
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.