Hi Everyone!!
On EUROYEN we have a potential Long Cypher pattern taking shape.
Entry: 118.590
Stop: 118.041
Target: 119.067
Yes!! It’s a negative Risk to Reward ratio. However, from my back testing data I know that there is a High Probability of it winning.
My Win/Loss ratio for this Currency Pair & Pattern is high enough for me to be confident to trade this pattern even at a negative risk to reward ratio.
Good luck Trading!
#forexprotege
On EUROYEN we have a potential Long Cypher pattern taking shape.
Entry: 118.590
Stop: 118.041
Target: 119.067
Yes!! It’s a negative Risk to Reward ratio. However, from my back testing data I know that there is a High Probability of it winning.
My Win/Loss ratio for this Currency Pair & Pattern is high enough for me to be confident to trade this pattern even at a negative risk to reward ratio.
Good luck Trading!
#forexprotege
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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.