ATR of AJ is 110 x 10 weeks, so
First trade of week coming up, I will be looking for a reversal of buy opportunity, details of trade are as follows:
50 pip box at 1:1 RR
Enter 93.500
Stop 93.000
Target 94.000
Always in trades you need to control the following 5 things on trades you do in Forex:
1) Risk control
2) Pair you trade
3) Price you trade
4) Session you trade
5) Time you trade
Do you research on all of your trades and trade accordingly to your plan or strategy. I believe that JPY will continue to be one of the weakest forex currencies. Fib. Ret tool is over chart and pa at this time is at a great reversal area to go up.
Good Luck and Stay Safe.
First trade of week coming up, I will be looking for a reversal of buy opportunity, details of trade are as follows:
50 pip box at 1:1 RR
Enter 93.500
Stop 93.000
Target 94.000
Always in trades you need to control the following 5 things on trades you do in Forex:
1) Risk control
2) Pair you trade
3) Price you trade
4) Session you trade
5) Time you trade
Do you research on all of your trades and trade accordingly to your plan or strategy. I believe that JPY will continue to be one of the weakest forex currencies. Fib. Ret tool is over chart and pa at this time is at a great reversal area to go up.
Good Luck and Stay Safe.
Trade active:
Will swing this trade into Tuesday, AUD news in around 24hrs. PA has been dancing around entry most of the session.
Trade closed: target reached:
Closed trade at almost 94.000 target- time to move onto another trade. Good Luck