Potential short position EURJPYBias
On the H4 chart, we have potential bullish signal.
Entry
Entry is on the 15M chart, where we will use the 61.8% and 78.6% retracement level.
Stop Loss
For the 61.8% entry, the stop loss is at 78.6% while for the 78.6%, the stop loss is at the 100% level
Risk
Risk is at 0.1% of the account
Comments
This strategy tends to have a low win rate but a relatively high risk reward ratio. We therefore have to proceed with caution.
