I have a potential trade setup on the Eur/Jpy this morning. The pair has dropped down and is now having a pull back and is moving into resistance. I am looking to short this pair based on the chart I have posted below. The chart say has all the trade details so I will not add anything else at this time. Except that I will be posting the entry when I make it on Twitter so please follow me there and when you do please say hello. I always like meeting new traders.
My last trade on the Gbp/Jpy ended up with +55pips
One other note I have decided to modify my trade management to be more simple so beginner traders can follow easier. I now have all trades at a basic 2 to 1 risk to reward ratio. If you do not know that that means please ask me and I will let explain.
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- Using a Forex Checklist to Develop a Good Trading Habit - September 25, 2017
- Learn why using a 2:1 Risk to Reward Ratio can increase profits - September 19, 2017
- My Personal Trading Plan Reviewed by Trading Expert Kim Krompass - August 4, 2017
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