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
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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.
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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