USDJPY 1H
Long or Short: SHORT
Entry Point: around 77.85 (38.2% Fibo… but i’ll wait for confirmation from reversal candlesticks before i sell)
Stop Loss: 78.20 (above 100 SMA)
Profit Target/s: 77.00 (former low)
Reward-to-risk Ratio: over 2:1
Risk percentage: 1%
Trade rationale: i see more USD weakness in the coming days now that QE3 has been confirmed
nice setup…dude…it is very clear that u r trading is very simple yet…more reliable…go on…all the best…
hi friend…sorry for this…but dont mind…
i am giving 2nd preference to your setup…coz…u r setup is with lower time frame…
i am not telling that u r wrong…and one more reason is i do not trade this pair…that is the only reason for giving 2nd preference…
with my experience…i can give u one advice…
first i will tell my experience…so that u can understand better…
even i am also tried to setup my charts with 1H CHARTS…but later after market opens…it will go like that…
but later on it will go either way in most cases…i am not going to ***** more…just think about this…
all the best…i am really sorry if u hurt…