On daily chart price is breaking the pressure since last oct, actually good rr ratio to setup long even before BOJ minutes.Netual or dovish bias expects.
For example, I opened long position at 111.85,use the simple ema to set stop, and set tps with price level given in the chart.
If you set tp as 113.8, RR ratio can be over 1:2
Though the ratio is profitable, please remember to control your postion in avoid losing all your principal.
For example, I opened long position at 111.85,use the simple ema to set stop, and set tps with price level given in the chart.
If you set tp as 113.8, RR ratio can be over 1:2
Though the ratio is profitable, please remember to control your postion in avoid losing all your principal.
Note
Techniacally speaking, risky to long now since bearish signals like bearish pattern or divergence as well actually give short positions proper rr ratio to set up
Note
bullish pattern completed at 30m chart
Note
Follow the trend
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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.