GBPJPY SHORT 19 May, 2020
"Rule #1: Don't lose MONEY
Rule #2: Don't forget Rule#1"
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*Rule:
- Max RISK 2% per trade.
- Max RISK 6% Capital per month.
- Return 1%-3% per month, 12%-36% annual.
- SET & FORGET
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Analysis:
Bigger Time Frame:
1. Weekly - DOWN - SELL
2. Daily - DOWN - SELL
3. Hour 4 - Down SELL
Trading Time frame:
Hour 1:
- Pin par + False Break out
-> SELL at Supply Zone
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*Open Trade:
SHORT
ET:131.116
SL:131.452
TP:129.460
R/W: ~1:5
Reject after 4 hours if not hit.
Rule #2: Don't forget Rule#1"
-------------------------------------------
*Rule:
- Max RISK 2% per trade.
- Max RISK 6% Capital per month.
- Return 1%-3% per month, 12%-36% annual.
- SET & FORGET
--------------------------------------------
Analysis:
Bigger Time Frame:
1. Weekly - DOWN - SELL
2. Daily - DOWN - SELL
3. Hour 4 - Down SELL
Trading Time frame:
Hour 1:
- Pin par + False Break out
-> SELL at Supply Zone
--------------------------------------------
*Open Trade:
SHORT
ET:131.116
SL:131.452
TP:129.460
R/W: ~1:5
Reject after 4 hours if not hit.
Trade closed: stop reached
Hit SL -> Rejected
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