USDJPY - Potential Trade (#6)
Updated
it looks like a clear impulse, there are other variations but if the market doesn't retrace right away we can always cancel the order.
This opportunity has great risk - reward ratio and okay certainty
This opportunity has great risk - reward ratio and okay certainty
Note
This is another scenario and I love this one.
Certainty 80%+
Risk-Reward: Bad 1:0.7
But it's still a positive expected value and it gives us room to add on to our position plus we won't miss out if our first prediction was right.
If you want to wait for a better Risk-Reward and not enter now that's good too. But I'm going in with 1% and I will average in in case it goes lower two times by 0.5% total risk of 2% which is only on my most certain scenarios.
Goood Luck, Trade Well
Trade active
Looks like a flatCertainty: good
Risk-reward:good
positive expected value
1% risk
Trade active
I'm really comfortable with this position adding 1%+ because the market is so likely to retrace in every possible scenario before going lower, which gives us the opportunity to move the Stop-Loss and to maximize our gains with so little risk.
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