EURJPY Rising Wedge 4HR
EURJPY is nearly breaking the bottom of a small rising wedge.
Once we have a solid break (close beyond bottom line) a riskier trader can enter a short position.
A more conservative trader would wait for one full bar to close below the pattern.
We can see the size of the pattern is about $1.149. When multiplied by our chances of success (0.63 or 63% we get an expected move downward of $0.724.
TP:124.072 or approximately 72 cents below the breakpoint
SL: Slightly above the pattern or around 125.15
Those using higher leverage (not that i'm suggesting it) should be able to make a good profit here, anyone on 10x or less may want to sit this one out, as its a smaller move.
Pattern information and accuracy ratings : thepatternsite.com/risewedge.html
Once we have a solid break (close beyond bottom line) a riskier trader can enter a short position.
A more conservative trader would wait for one full bar to close below the pattern.
We can see the size of the pattern is about $1.149. When multiplied by our chances of success (0.63 or 63% we get an expected move downward of $0.724.
TP:124.072 or approximately 72 cents below the breakpoint
SL: Slightly above the pattern or around 125.15
Those using higher leverage (not that i'm suggesting it) should be able to make a good profit here, anyone on 10x or less may want to sit this one out, as its a smaller move.
Pattern information and accuracy ratings : thepatternsite.com/risewedge.html
Dagangan aktif
Entry point hitNota
We've stalled about halfway through, so I am moving SL to breakeven + a few pips. This will maintain the profit we do have essentially becoming a risk free tradeDagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.