Setup:
It was noted that EURJPY could be dropping to 123 handle
Our setup is complemented by the following:
1. Multiple timeframe analysis
2. Divergence
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 129.463
SL: 131.778
TP: 126.777
Trade 2:
Entry: 129.463
SL: 131.778
TP: 123.264
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Risk & Reward:
Total Risk:
2% or 546 PIPS
Total Reward:
3.2 % or 891 PIPS
Good Luck :-)
It was noted that EURJPY could be dropping to 123 handle
Our setup is complemented by the following:
1. Multiple timeframe analysis
2. Divergence
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 129.463
SL: 131.778
TP: 126.777
Trade 2:
Entry: 129.463
SL: 131.778
TP: 123.264
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Risk & Reward:
Total Risk:
2% or 546 PIPS
Total Reward:
3.2 % or 891 PIPS
Good Luck :-)
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.
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.