To share the GBPJPY case study, where I only took +1RR from +2RR possible return.
Reason:
1. Price moved from downtrend to uptrend
2. Demand with huge bullish candle after it (imbalance above demand) not yet re-test
3. Multiple supports above demand zone
4. Price tapped to demand zone, looks aggressive but demand was strong enough to hold and price bounces from it
This is textbook setup, targeting 2RR from this setup is achievable. Please do not trust me! I do not have big capital to support my statement.
One thing is certain is that, if you trade one setup or strategy, and collect data and watch how it work, you can achieve a profitable trading journey.
Reason:
1. Price moved from downtrend to uptrend
2. Demand with huge bullish candle after it (imbalance above demand) not yet re-test
3. Multiple supports above demand zone
4. Price tapped to demand zone, looks aggressive but demand was strong enough to hold and price bounces from it
This is textbook setup, targeting 2RR from this setup is achievable. Please do not trust me! I do not have big capital to support my statement.
One thing is certain is that, if you trade one setup or strategy, and collect data and watch how it work, you can achieve a profitable trading journey.
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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.