U.S. Dollar / Japanese YenUpdated USDJPY - Local Fib Short and Long
Paper Trade. Just trying forex out.
Trade 1 (Trend Following):
1. Short: 108.760
2. Stop: 109.473
3. Target: 107.341
4. RR: 1.63 (Risking 0.5% of capital for 0.815% reward)
Trade 2 (Expectation of Trend Reversal following a high volume candle into a larger timeframe retrace)
1. Long: 107.341
2. Stop: 106.756
3. Target: 111.141
4. RR: 6.44 (Risking 0.5% of capital for 3.22% reward)
Trade 1 (Trend Following):
1. Short: 108.760
2. Stop: 109.473
3. Target: 107.341
4. RR: 1.63 (Risking 0.5% of capital for 0.815% reward)
Trade 2 (Expectation of Trend Reversal following a high volume candle into a larger timeframe retrace)
1. Long: 107.341
2. Stop: 106.756
3. Target: 111.141
4. RR: 6.44 (Risking 0.5% of capital for 3.22% reward)
Trade active
Note
Moved stop to entry.Trade closed: stop reached
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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.