EURJPY H4 Impulse wave to the downside
Trading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. In this situation we are now waiting for Awesome Osci to go into negative territory for trade entry confirmation for movement to the downside. Market execution for entry, confirmation will be required for entry.
Risk Description: Once signal is confirmed 152 pips will be up for grab with small risk SL at swing high.
Profit expectations: 3 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Risk Description: Once signal is confirmed 152 pips will be up for grab with small risk SL at swing high.
Profit expectations: 3 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Commentaire:
Avoiding this setup due to choppy market conditions around the entry point, and possible ranging conditions up ahead.