Trade Ideas Position: USDJPY Crab

It's a great bullish run on the previous Gartley pattern where my final target profit level was set at 108.40(+129), unfortunately the trade was taken out by our protective stop at 107.40(+29), and it just never presents an opportunity of my preference to engage the trade.

You have to know that in trading all decision has its pros and cons, if the stop-loss is set to entry, there will have time that it cancels out and leaving your without profit and if you leave your stop-loss at the level you engage, there will be times it hit losses after profit, most importantly you have to choose 1 that suits you most.

At this moment, a bearish deep crab pattern has formed and respected the HOP level, I'm waiting for a checkback to trigger my sell limit. Best Reward: Risk(RRR) but it is also at the higher chance for a stop-out as it's at its extreme.

Zlecenie aktywne:

Trade Triggered during HOP retest