Trade Ideas Position: USDJPY Bat
Updated
After a long wait, I see that is time to engage this trade, we have RSI Divergence a rather weak 1 but a 2nd chance entry to long on this bullish bat setup.
In addition, there is an AB=CD pattern completing in the same region.
A wide stop is required as I'm using buffer below X. The question to ask yourself:
Are you using fixed lot size or %risk exposure so each trade risk exposure is the same?
In addition, there is an AB=CD pattern completing in the same region.
A wide stop is required as I'm using buffer below X. The question to ask yourself:
Are you using fixed lot size or %risk exposure so each trade risk exposure is the same?
Trade active
SLP(Stop Loss at Profit)106.01(+76) to avoid whipsaw by US NFPTrade active
TP1 Attained: 107.44(+219pips) gained
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Live session & Trading Tips on the GO
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