USDJPY - Local Fib Short and Long
Updated
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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