USDJPY Continuation trade - SHort 2:1 Win vs risk ratio
Hello all
Following yesterday's false break out and reverse (looking for stops), I entered at the first bearish pin bar as price started to fall on the 1 hour chart.
I am now watching price for a second entry, currently its quite a wide stop loss for a pair that doesn't move that fast (or may do due to current liquidity)
If I can enter at a higher price and shorten my stop and therefore increase my lot size inline with my Risk profile, great, however I am looking to enter another position short.
Thanks for looking at my trade idea
Duncan
Following yesterday's false break out and reverse (looking for stops), I entered at the first bearish pin bar as price started to fall on the 1 hour chart.
I am now watching price for a second entry, currently its quite a wide stop loss for a pair that doesn't move that fast (or may do due to current liquidity)
If I can enter at a higher price and shorten my stop and therefore increase my lot size inline with my Risk profile, great, however I am looking to enter another position short.
Thanks for looking at my trade idea
Duncan
Trade geschlossen: Ziel wurde erreicht:
After a slow start, USD did drop quickly once it got going.
