AUDJPY LOW RISK HIGH REWARD COUNTER TREND TRADE
ASCENDING CHANNEL. D1 PRICE REJECTED FROM 91.00 AND FLOOR OF CHANNEL YESTERDAY, FORMING A NICE PIN BAR (ALTHOUGH BEARISH BLACK IN NATURE BUT STILL A PIN BAR THAT CLOSED ABOVE ITS 50%).
SIMPLE TRADE.
BUY NOW
EXIT TRADE IF H4 CLOSES BELOW 90.37 FOR 2 BARS CONSECUTIVELY, (1 BAR IS FINE 2 IS ABSOLUTELY NOT)
RISK REWARD CAN BE ANYWHERE BETWEEN 2 TO 5 (MID OF RANGE) TO 10+ (TOP OF RANGE FOR GREEDY TRADER)
THIS TRADE IS ENTER NOW AT MARKET. NO CONFIRMATION IS REQUIRED AS EURJPY NZDJPY GBPJPY HAS ALREADY JUMPED YESTERDAY.
SO, MY BASIS FOR ENTERING THIS TRADE IS ALSO DUE TO CORRELATION REASON. WHICH I HEAVILY RELY ON.
THIS TRADE IS REALLY GOOD AS THE STOP LOSS PIPS IS ONLY AROUND 30 TO 50 PIPS. WHILE REWARD CAN BE ADJUSTED ACCORDING TO YOUR HUNGER.
RSI NOT IMPORTANT. JUST A VITAL PART IN MY CHARTING THATS ALL. LAZY TO REMOVE.
SIMPLE TRADE.
BUY NOW
EXIT TRADE IF H4 CLOSES BELOW 90.37 FOR 2 BARS CONSECUTIVELY, (1 BAR IS FINE 2 IS ABSOLUTELY NOT)
RISK REWARD CAN BE ANYWHERE BETWEEN 2 TO 5 (MID OF RANGE) TO 10+ (TOP OF RANGE FOR GREEDY TRADER)
THIS TRADE IS ENTER NOW AT MARKET. NO CONFIRMATION IS REQUIRED AS EURJPY NZDJPY GBPJPY HAS ALREADY JUMPED YESTERDAY.
SO, MY BASIS FOR ENTERING THIS TRADE IS ALSO DUE TO CORRELATION REASON. WHICH I HEAVILY RELY ON.
THIS TRADE IS REALLY GOOD AS THE STOP LOSS PIPS IS ONLY AROUND 30 TO 50 PIPS. WHILE REWARD CAN BE ADJUSTED ACCORDING TO YOUR HUNGER.
RSI NOT IMPORTANT. JUST A VITAL PART IN MY CHARTING THATS ALL. LAZY TO REMOVE.
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