Next week, there is resistant level 137.139 that have a potential to push the price goes down, that means to sell. So, next trading, i will place my trade on that resistant level as a pending order. i’ll set my TP 50 pips, and SL 100pips. Of course, there are some would be curious, why my risk and reward not as a theory(such 1:2,1:3 etc.). here, my SL is just a room for the price to move up or down. my focus is the closing price, if the price still below the resistant, i’ll hold my trade.
p.s: Please take a note, i’ll cut my trade if the price breakout the resistant level. Dont hesitating to cut your loss and hoping the price return to the open price. HOPING IS KILLING YOUR ACCOUNT.
p.s 2: Pro trader never HESITATE.
THANK YOU,