I am looking for a short position in Gbp/Jpy as I see there is a supply on H4 time-frame at (148.094-148.502) & (148.899-149.208)
As I look deep in small time-frame which is at m30, there's a base at price which is I prefer to put my position 1 at 148.364 there for a small risk. My stoploss is 10pips above 148.512 (148.612). My take profit 1 is at 146.334.
my position 2 at 148.948 there for a small risk. My stoploss is 10pips above 149.411 (149.511). My take profit 2 is at 146.334.
Summary of position 1;
Entry ; 148.364
Stop Loss ; 148.612
Take Profit ; 146.334
Summary of position 2;
Entry ; 148.948
Stop Loss ; 149.511
Take Profit ; 146.334
As I look deep in small time-frame which is at m30, there's a base at price which is I prefer to put my position 1 at 148.364 there for a small risk. My stoploss is 10pips above 148.512 (148.612). My take profit 1 is at 146.334.
my position 2 at 148.948 there for a small risk. My stoploss is 10pips above 149.411 (149.511). My take profit 2 is at 146.334.
Summary of position 1;
Entry ; 148.364
Stop Loss ; 148.612
Take Profit ; 146.334
Summary of position 2;
Entry ; 148.948
Stop Loss ; 149.511
Take Profit ; 146.334
Note
Target is reached but it's Hit my Stoploss. Will backtest on it this weekend
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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.