USDJPY Timeframe Monthly [SHORT]
Analysis
- Price Action getting away from Recent Surplus Zone (downtrend)
- Recent Surplus Zone indicated by (x) supported by Historical Market Sentiment (many hits on these areas)
- Recent Shortage Zone established
Conclusion
- High probability of profiting by placing Short Order.
Strategy:
- Take Profit @ 105.239 once Price Action touch Recent Shortage Zone
Reason: Take Profit as quickly as possible
- Stop Loss @ 118.462
Reason: Place on the most recent tip that touches the downtrend line.
Risk Management:
Reward Risk Ratio ( 4.13:1 )
Position Size: 0.01
Risk: 34 USD
Capital >= 3400 USD
Reason: Good trading practice is to only risk 1% of Capital per trade to stay in the game & to maintain a good psychology.
- Price Action getting away from Recent Surplus Zone (downtrend)
- Recent Surplus Zone indicated by (x) supported by Historical Market Sentiment (many hits on these areas)
- Recent Shortage Zone established
Conclusion
- High probability of profiting by placing Short Order.
Strategy:
- Take Profit @ 105.239 once Price Action touch Recent Shortage Zone
Reason: Take Profit as quickly as possible
- Stop Loss @ 118.462
Reason: Place on the most recent tip that touches the downtrend line.
Risk Management:
Reward Risk Ratio ( 4.13:1 )
Position Size: 0.01
Risk: 34 USD
Capital >= 3400 USD
Reason: Good trading practice is to only risk 1% of Capital per trade to stay in the game & to maintain a good psychology.
Catatan
Waiting to reach target profit.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.