UsdJpy on the watch!

UsdJpy27Sep

Time has not permit us to post our recent trades, As much as we can we will try to provide as much trade analysis and post on out website. Meanwhile, for today, check this potential set up that looks decent!

Counter : UsdJpy

Direction : Short

Technical Description : Sideways on daily, Price rejection as seen on picture above with a slight downward trend as a base.

Reward : > 1:2

What price do we enter? Join our FB group https://www.facebook.com/groups/tradesandprofits/ as we discuss more potential trades and also providing a learning curve for traders.

Stop loss don’t hurt

Again, the importance of risk management appear to be a very important aspect in trading. If we didn’t reduce this risk, psychologically it may affect any individual future trades.

200% on Gbp/Jpy

GJUC16Mar

Analysis on Usd/Cad Hit Stop loss but thanks to the trading plan and crucial SL level, we managed to have limited loss which is all calculated pre-trade.

On the other hand, Gbp/Jpy managed 200% in which after take profit, it rebound to our SL level.
Refer to previous post https://tradesnprofits.com/2017/03/13/dollar-cad-vs-pound-jpy/
Thanks to this GJ trade, we can afford another loss(of course this is not what we wish for)

At moment, we still have NZDCAD on open positions.

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This site is created for the sole purpose of sharing Trading Ideas(this can be personal or whichever admins deems interesting), no advisory or calls are intended for readers.  We will look at different markets such as US Equities, Forex, Indices and Commodities.

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