USDJPY Timeframe Monthly [SHORT]
Analysis
- Price Action getting away from Recent Surplus Zone (downtrend)
- Recent Surplus Zone indicated by (x) supported by Historical Market Sentiment (many hits on these areas)
- Recent Shortage Zone established
Conclusion
- High probability of profiting by placing Short Order.
Strategy:
- Take Profit @ 105.239 once Price Action touch Recent Shortage Zone
Reason: Take Profit as quickly as possible
- Stop Loss @ 118.462
Reason: Place on the most recent tip that touches the downtrend line.
Risk Management:
Reward Risk Ratio ( 4.13:1 )
Position Size: 0.01
Risk: 34 USD
Capital >= 3400 USD
Reason: Good trading practice is to only risk 1% of Capital per trade to stay in the game & to maintain a good psychology.
- Price Action getting away from Recent Surplus Zone (downtrend)
- Recent Surplus Zone indicated by (x) supported by Historical Market Sentiment (many hits on these areas)
- Recent Shortage Zone established
Conclusion
- High probability of profiting by placing Short Order.
Strategy:
- Take Profit @ 105.239 once Price Action touch Recent Shortage Zone
Reason: Take Profit as quickly as possible
- Stop Loss @ 118.462
Reason: Place on the most recent tip that touches the downtrend line.
Risk Management:
Reward Risk Ratio ( 4.13:1 )
Position Size: 0.01
Risk: 34 USD
Capital >= 3400 USD
Reason: Good trading practice is to only risk 1% of Capital per trade to stay in the game & to maintain a good psychology.
Note
Waiting to reach target profit.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.